B&M European Value Retail (LON:BME) Reaches New 12-Month Low – Here’s Why

Posted by Lorenzo Tanos on Nov 14th, 2024

B&M European Value Retail S.A. (LON:BME – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 378.34 ($4.87) and last traded at GBX 379.90 ($4.89), with a volume of 3024078 shares trading hands. The stock had previously closed at GBX 383.20 ($4.93).

B&M European Value Retail Trading Up 2.6 %

The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38. The business’s 50-day moving average is GBX 408.81 and its 200 day moving average is GBX 457.27. The firm has a market capitalization of £3.90 billion, a P/E ratio of 1,055.00 and a beta of 1.05.

B&M European Value Retail Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be issued a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 1.4%. B&M European Value Retail’s dividend payout ratio is presently 4,166.67%.

Insider Activity

In related news, insider Alex Russo sold 8,602 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.46), for a total transaction of £36,472.48 ($46,934.09). 4.22% of the stock is owned by company insiders.

About B&M European Value Retail

(Get Free Report)

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.