Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating)’s share price traded up 3.1% during trading on Friday . The stock traded as high as $3.98 and last traded at $3.95. 33,279 shares changed hands during trading, a decline of 97% from the average session volume of 961,566 shares. The stock had previously closed at $3.83.
Analyst Ratings Changes
Several equities analysts recently commented on the company. StockNews.com raised Companhia Brasileira de Distribuição from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Bank of America raised Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. lowered Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a research report on Monday, July 25th.
Companhia Brasileira de Distribuição Stock Performance
The stock has a 50-day simple moving average of $3.24 and a 200-day simple moving average of $4.04. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 3.11 and a beta of 0.98. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34.
Hedge Funds Weigh In On Companhia Brasileira de Distribuição
Institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Companhia Brasileira de Distribuição during the 4th quarter valued at approximately $1,094,000. Wolverine Trading LLC acquired a new stake in shares of Companhia Brasileira de Distribuição during the 4th quarter valued at approximately $41,000. Credit Agricole S A acquired a new stake in shares of Companhia Brasileira de Distribuição during the 4th quarter valued at approximately $100,000. SPX Equities Gestao de Recursos Ltda acquired a new stake in shares of Companhia Brasileira de Distribuição during the 1st quarter valued at approximately $336,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Companhia Brasileira de Distribuição by 34.4% during the 4th quarter. Qube Research & Technologies Ltd now owns 453,525 shares of the company’s stock valued at $1,810,000 after acquiring an additional 116,146 shares in the last quarter. 4.35% of the stock is owned by institutional investors and hedge funds.
About Companhia Brasileira de Distribuição
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. It operates in Brazilian Retail, Grupo Éxito, and Other Businesses segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.
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