HelloFresh (OTCMKTS:HLFFF) Trading Down 2% – Here’s What Happened

HelloFresh SE (OTCMKTS:HLFFF) shares dropped 2% during mid-day trading on Friday . The stock traded as low as $4.94 and last traded at $4.94. Approximately 3,625 shares were traded during mid-day trading, an increase of 209% from the average daily volume of 1,174 shares. The stock had previously closed at $5.0399.

Analysts Set New Price Targets

Separately, UBS Group cut shares of HelloFresh from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

HelloFresh Stock Down 2.0%

The company’s 50 day moving average price is $4.69 and its 200-day moving average price is $5.84.

About HelloFresh

HelloFresh SE is a leading global meal kit company that specializes in delivering fresh, pre-portioned ingredients and chef-designed recipes directly to consumers’ doorsteps. Established in Berlin in 2011, HelloFresh has grown to become one of the largest meal kit providers worldwide by combining supply-chain efficiencies with a focus on high-quality ingredients. Subscribers choose from a rotating weekly menu featuring a variety of cuisines, dietary preferences and cooking skill levels, and receive step-by-step recipe cards to simplify meal preparation.

The company operates across North America, Europe and the Asia-Pacific region, with major markets including the United States, Canada, the United Kingdom, Germany, the Netherlands, Australia and New Zealand, among others.