HelloFresh (OTCMKTS:HLFFF) Trading 6.6% Higher – Here’s Why

HelloFresh SE (OTCMKTS:HLFFF) shares were up 6.6% on Friday . The stock traded as high as $3.2950 and last traded at $3.2950. 600 shares changed hands during trading, a decline of 76% from the average daily volume of 2,526 shares. The stock had previously closed at $3.09.

Analysts Set New Price Targets

A number of brokerages have issued reports on HLFFF. Barclays cut shares of HelloFresh from an “equal weight” rating to an “underweight” rating in a report on Friday, August 14th. UBS Group cut HelloFresh from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

HelloFresh Trading Up 6.6%

The firm’s 50-day moving average price is $4.18 and its 200 day moving average price is $4.73.

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.