Almacenes Éxito (NYSE:EXTO) Shares Down 9.5% – Here’s Why

Almacenes Éxito S.A. (NYSE:EXTO) dropped 9.5% during trading on Monday . The stock traded as low as $3.21 and last traded at $3.23. Approximately 63,727 shares traded hands during trading, a decline of 40% from the average daily volume of 106,412 shares. The stock had previously closed at $3.57.

Almacenes Éxito Stock Performance

The company has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $4.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.73 and a quick ratio of 0.32. The stock has a market cap of $540.24 million, a P/E ratio of 9.51 and a beta of -0.51.

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 given a dividend of $0.0248 per share. The ex-dividend date was Monday, December 9th. This represents a yield of 1.2%. This is a positive change from Almacenes Éxito’s previous — dividend of $0.01. Almacenes Éxito’s dividend payout ratio (DPR) is currently 31.43%.

Institutional Investors Weigh In On Almacenes Éxito

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caprock Group LLC purchased a new stake in Almacenes Éxito during the 2nd quarter valued at about $259,000. Kathmere Capital Management LLC bought a new position in shares of Almacenes Éxito in the second quarter worth approximately $71,000. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of Almacenes Éxito during the second quarter valued at approximately $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.