(VIANEWS) – Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE: FMX) rose 9.2% to $94.79 at 13:00 EST on Thursday, after five successive sessions in a row of gains. NYSE is sliding 0.41% to $15,950.91, after two sequential sessions in a row of losses. This seems, at the moment, a somewhat bearish trend trading session today.
Fomento Economico Mexicano S.A.B. de C.V.’s last close was $86.80, 1.23% under its 52-week high of $87.88.
About Fomento Economico Mexicano S.A.B. de C.V.
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.
Earnings Per Share
As for profitability, Fomento Economico Mexicano S.A.B. de C.V. has a trailing twelve months EPS of $-0.27.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 12.66%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Fomento Economico Mexicano S.A.B. de C.V.’s stock is considered to be oversold (<=20).
Volume
Today’s last reported volume for Fomento Economico Mexicano S.A.B. de C.V. is 2173974 which is 279.81% above its average volume of 572373.
More news about Fomento Economico Mexicano S.A.B. de C.V. (FMX).
