PriceSmart, Inc. (NASDAQ:PSMT) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded PriceSmart, Inc. (NASDAQ:PSMT) to Strong Sell in a statement released on 10/13/2016.
Boasting a price of $85.61, PriceSmart, Inc. (NASDAQ:PSMT) traded 0.89% higher on the day. With the last close up 1.66% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $83.04 and a 200-day moving average of $84.62. 147,140 shares of the stock were exchanged, up from an average trading volume of 121,406
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PriceSmart, Inc. has a 52 week low of $68.51 and a 52 week high of $98.49 with a P/E ratio of 29.38 The company’s market cap is currently $0.
About PriceSmart, Inc. (NASDAQ:PSMT)
PriceSmart, Inc. (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart. The Company's operating segments are the United States, Latin America and the Caribbean. The warehouse clubs sell basic high quality consumer goods at low prices to individuals and businesses. The no-frills warehouse club-type buildings range in size from 48,000 to 1,00,000 square feet and are located primarily in urban areas. The Company operates 36 warehouse clubs in Central America, Caribbean and South America.
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