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

Almacenes Éxito S.A. (NYSE:EXTO) gapped down prior to trading on Tuesday . The stock had previously closed at $4.06, but opened at $3.90. Almacenes Éxito shares last traded at $3.90, with a volume of 3,057 shares changing hands.

Almacenes Éxito Stock Performance

The business has a 50-day moving average price of $4.08 and a two-hundred day moving average price of $4.21. The stock has a market capitalization of $632.71 million, a P/E ratio of 11.19 and a beta of -0.51. The company has a current ratio of 0.73, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Almacenes Éxito Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be given a dividend of $0.0248 per share. This is a boost from Almacenes Éxito’s previous — dividend of $0.01. The ex-dividend date of this dividend is Monday, December 9th. This represents a yield of 1.2%. Almacenes Éxito’s dividend payout ratio is currently 31.43%.

Institutional Trading of Almacenes Éxito

Several large investors have recently made changes to their positions in the company. Caprock Group LLC acquired a new position in Almacenes Éxito during the second quarter worth about $259,000. Kathmere Capital Management LLC bought a new stake in shares of Almacenes Éxito during the 2nd quarter valued at approximately $71,000. Finally, HBK Sorce Advisory LLC acquired a new position in Almacenes Éxito during the 2nd quarter worth approximately $77,000.

About Almacenes Éxito

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.