PriceSmart Inc. (PSMT) saw a big move in the last trading session, as the company’s shares fell by nearly 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $98.77 to $110.91 in the past one-month time frame.
The company, which owns and operates membership shopping warehouse clubs in Latin American and Caribbean, has seen 1 negative estimate revision over the past month, though the current year earnings consensus hasn’t been in a trend. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
PSMT currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the Retail/ Wholesale sector may consider better-ranked stocks like Famous Dave's of America Inc. (DAVE), Jack in the Box Inc. (JACK) and Zale Corporation (ZLC), each carrying a Zacks Rank #1 (Strong Buy).
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PRICESMART INC (PSMT): Free Stock Analysis Report
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Weakness Seen in PriceSmart (PSMT): Stock Plunges 11.5%
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