Grupo Bimbo (OTCMKTS:GRBMF) Stock Price Up 6.9% – Still a Buy?

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF) shot up 6.9% during mid-day trading on Tuesday . The company traded as high as $2.83 and last traded at $2.83. 384 shares were traded during trading, a decline of 89% from the average session volume of 3,424 shares. The stock had previously closed at $2.64.

Grupo Bimbo Price Performance

The company’s 50 day simple moving average is $2.64 and its 200 day simple moving average is $2.93.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V., together with its subsidiaries, produces, distributes, and sells various bakery products. It offers sliced bread, buns and rolls, pastries, cakes, cookies, toast, English muffins, bagels, tortillas and flatbreads, and salty snacks. The company provides its products under various brands.