Betterware de Mexico SAPI de C (NYSE:BWMX) Cut to Hold at Zacks Research

Zacks Research cut shares of Betterware de Mexico SAPI de C (NYSE:BWMX) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Separately, Wall Street Zen upgraded Betterware de Mexico SAPI de C from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Betterware de Mexico SAPI de C Trading Down 1.5%

Shares of NYSE BWMX opened at $12.96 on Tuesday. Betterware de Mexico SAPI de C has a twelve month low of $7.00 and a twelve month high of $14.46. The company has a quick ratio of 0.46, a current ratio of 0.93 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $483.67 million, a PE ratio of 16.41 and a beta of 1.24.

Betterware de Mexico SAPI de C Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were paid a dividend of $0.2851 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Monday, August 11th. Betterware de Mexico SAPI de C’s dividend payout ratio is presently 130.38%.

Betterware de Mexico SAPI de C Company Profile

Betterware de Mexico, SAB. de C.V. operates as a direct-to-consumer company in Mexico. The company focuses on the home organization segment with a product portfolio, including home solutions, kitchen and food preservation, technology and mobility, and other categories. It serves approximately 3 million households through distributors and associates in approximately 800 communities throughout Mexico.