Gruma Hits New 12-Month High at $45.38 (GMK)
Gruma (NYSE:GMK) reached a new 52-week high during mid-day trading on Monday , Stock Ratings Network.com reports. The company traded as high as $45.38 and last traded at $45.38, with a volume of 17,609 shares trading hands. The stock had previously closed at $44.57.
Separately, analysts at Deutsche Bank downgraded shares of Gruma from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. They now have a $42.00 price target on the stock, up previously from $39.25.
The stock has a 50-day moving average of $38.84 and a 200-day moving average of $33.40. The company has a market cap of $4.879 billion and a P/E ratio of 17.49.
Gruma (NYSE:GMK) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.05. Analysts expect that Gruma will post $0.52 EPS for the current fiscal year.
GRUMA, SAB. de C.V. (NYSE:GMK) is a holding company and conducts its operations through its subsidiaries.
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