BBB Foods (NYSE:TBBB) Stock Price Down 2.4% – Here’s What Happened

by · The Cerbat Gem

Shares of BBB Foods Inc. (NYSE:TBBB – Get Free Report) were down 2.4% during mid-day trading on Wednesday . The stock traded as low as $29.92 and last traded at $29.93. Approximately 23,464 shares changed hands during trading, a decline of 96% from the average daily volume of 605,305 shares. The stock had previously closed at $30.68.

BBB Foods Trading Down 1.1 %

The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The business’s fifty day moving average price is $30.23 and its 200 day moving average price is $29.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hood River Capital Management LLC raised its position in shares of BBB Foods by 118.5% during the second quarter. Hood River Capital Management LLC now owns 4,958 shares of the company’s stock worth $119,000 after acquiring an additional 2,689 shares during the last quarter. Federated Hermes Inc. bought a new position in BBB Foods during the 2nd quarter worth approximately $143,000. Verdence Capital Advisors LLC acquired a new position in shares of BBB Foods in the 3rd quarter worth approximately $224,000. Virtu Financial LLC bought a new stake in shares of BBB Foods in the 3rd quarter valued at $230,000. Finally, XTX Topco Ltd bought a new stake in shares of BBB Foods in the 2nd quarter valued at $289,000. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Company Profile

(Get Free Report)

BBB Foods Inc, through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins.

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