Almacenes Éxito (NYSE:EXTO) Shares Gap Down – What’s Next?

Shares of Almacenes Éxito S.A. (NYSE:EXTO) 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 stock’s 50 day simple moving average is $3.87 and its two-hundred day simple moving average is $4.14. The stock has a market capitalization of $584.04 million, a PE ratio of 10.29 and a beta of -0.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.73 and a quick ratio of 0.32.

Almacenes Éxito Increases Dividend

The company also recently disclosed 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 represents a yield of 1.2%. This is a positive change from Almacenes Éxito’s previous — dividend of $0.01. The ex-dividend date was Monday, December 9th. Almacenes Éxito’s dividend payout ratio is 31.43%.

Institutional Trading of Almacenes Éxito

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