PriceSmart, Inc. (Nasdaq:PSMT)
December 5th, 2018
Amidst falling markets PriceSmart, Inc. finished Tuesday’s trading session down 4.86%, a $3.28 decrease to close on $64.17. As well as the drop in value, PriceSmart, Inc. hit a new 52 week low of $63.73, breaking the previous low of $64.46 from earlier this September. The next earnings report is expected in approximately 28 days.
PSMT was outperformed by the rest of the Consumer Staples sector which went down only 1.63%.
Expectations from 2 analysts indicates that PriceSmart, Inc. might grow significantly (29%), while Finbox has calculated (with low uncertainty) a fair value price of $71.91.
The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.
Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.
- Utilities went up with a 0.15% change.
- Real Estate went down with a -1.26% change.
- Consumer Staples went down with a -1.63% change.
- Healthcare went down with a -2.30% change.
- Energy went down with a -2.93% change.
- Materials went down with a -3.08% change.
- Communication Services went down with a -3.14% change.
- Information Technology went down with a -3.86% change.
- Consumer Discretionary went down with a -3.91% change.
- Industrials went down with a -4.35% change.
- Financials went down with a -4.40% change.
PriceSmart is based in San Diego. It was founded by Sol Price in 1993.
PriceSmart, Inc. Info
PriceSmart, Inc. owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company’s warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of May 7, 2017, it operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands. PriceSmart, Inc. was founded in 1994 and is headquartered in San Diego, California.
All amounts in USD unless otherwise indicated
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