Almacenes Éxito (NYSE:EXTO) Shares Gap Down – Here’s Why

Almacenes Éxito S.A. (NYSE:EXTO)’s share price gapped down prior to trading on Friday . The stock had previously closed at $3.63, but opened at $3.55. Almacenes Éxito shares last traded at $3.63, with a volume of 2,661 shares traded.

Almacenes Éxito Trading Down 0.8 %

The company has a market capitalization of $584.04 million, a PE ratio of 10.29 and a beta of -0.50. The stock’s fifty day moving average price is $3.87 and its two-hundred day moving average price is $4.14. The company has a quick ratio of 0.32, a current ratio of 0.73 and a debt-to-equity ratio of 0.25.

Almacenes Éxito Increases Dividend

The company also recently announced a — dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were issued a dividend of $0.0248 per share. This is an increase from Almacenes Éxito’s previous — dividend of $0.01. The ex-dividend date of this dividend was Monday, December 9th. This represents a dividend yield of 1.2%. Almacenes Éxito’s dividend payout ratio is 31.43%.

Institutional Trading of Almacenes Éxito

Hedge funds have recently modified their holdings of the business. Kathmere Capital Management LLC purchased a new position in Almacenes Éxito during the 2nd quarter valued at about $71,000. HBK Sorce Advisory LLC bought a new position in shares of Almacenes Éxito during the second quarter valued at approximately $77,000. Finally, Caprock Group LLC purchased a new position in shares of Almacenes Éxito during the second quarter valued at approximately $259,000.

Almacenes Éxito Company Profile

Almacenes Éxito SA operates as a retail commerce company in South America. The company operates a chain of retail stores primarily under the Éxito, Carulla, Surtimax, Super Inter, Surti Mayorista, Libertad, Mini Libertad, Devoto, Disco, and Géant brands. It is also involved in the online commerce activities.