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

Almacenes Éxito S.A. (NYSE:EXTO) shares gapped down before the market opened 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 Price Performance

The stock has a market cap of $582.42 million, a P/E ratio of 10.26 and a beta of -0.35. The business has a 50-day simple moving average of $3.86 and a 200 day simple moving average of $4.13. 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 business also recently announced a — dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were issued a $0.0248 dividend. The ex-dividend date of this dividend was Monday, December 9th. This is a boost from Almacenes Éxito’s previous — dividend of $0.01. This represents a yield of 1.2%. Almacenes Éxito’s dividend payout ratio is presently 31.43%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXTO. Kathmere Capital Management LLC acquired a new stake in shares of Almacenes Éxito during the second quarter worth $71,000. HBK Sorce Advisory LLC acquired a new stake in Almacenes Éxito during the 2nd quarter worth about $77,000. Finally, Caprock Group LLC bought a new position in shares of Almacenes Éxito in the 2nd quarter worth about $259,000.

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.