B&M European Value Retail (LON:BME) Sets New 1-Year Low – Here’s Why

B&M European Value Retail S.A. (LON:BME)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 344.40 ($4.37) and last traded at GBX 345.20 ($4.38), with a volume of 6476056 shares trading hands. The stock had previously closed at GBX 347.90 ($4.41).

B&M European Value Retail Stock Performance

The stock’s 50-day moving average price is GBX 406.65 and its 200-day moving average price is GBX 454.53. The company has a market cap of £3.46 billion, a P/E ratio of 966.39 and a beta of 1.05. The company has a debt-to-equity ratio of 308.86, a current ratio of 1.32 and a quick ratio of 0.38.

B&M European Value Retail Cuts Dividend

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

Insider Activity at B&M European Value Retail

In related news, insider Alex Russo sold 8,602 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 424 ($5.37), for a total value of £36,472.48 ($46,232.07). 4.22% of the stock is owned by insiders.

B&M European Value Retail Company Profile

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.