Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) shares gapped up before the market opened on Friday . The stock had previously closed at $3.34, but opened at $3.44. Companhia Brasileira de Distribuição shares last traded at $3.45, with a volume of 5,241 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a report on Friday, November 18th.
Companhia Brasileira de Distribuição Stock Performance
The business’s 50 day simple moving average is $3.79 and its two-hundred day simple moving average is $3.68. The company has a current ratio of 1.07, a quick ratio of 0.64 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $910.74 million, a PE ratio of 11.27 and a beta of 0.92.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Banco BTG Pactual S.A. lifted its position in Companhia Brasileira de Distribuição by 9,361.8% during the third quarter. Banco BTG Pactual S.A. now owns 2,290,890 shares of the company’s stock valued at $8,110,000 after purchasing an additional 2,266,678 shares in the last quarter. Millennium Management LLC grew its stake in shares of Companhia Brasileira de Distribuição by 59.3% during the 2nd quarter. Millennium Management LLC now owns 1,414,300 shares of…
