Shares of Corbion (OTCMKTS:CSNVY – Get Free Report) rose 6.9% on Tuesday. The company traded as high as $28.39 and last traded at $27.80. 3,023 shares were traded during mid-day trading, an increase of 309% from the average session volume of 739 shares. The stock had previously closed at $26.00.
Analyst Upgrades and Downgrades
Separately, Oddo Bhf lowered Corbion to a “neutral” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold”.
Read Our Latest Research Report on CSNVY
Corbion Stock Performance
The business’s 50 day simple moving average is $24.52 and its two-hundred day simple moving average is $23.14.
Corbion Company Profile
Corbion N.V. is a Netherlands-based ingredients and biochemicals company serving food, pharmaceutical, and industrial markets worldwide. The company develops products based primarily on lactic acid, lactic acid derivatives, and other fermentation technologies, with applications in food preservation, texture improvement, and sustainable materials.
Corbion’s food-related offerings include preservatives, emulsifiers, dough conditioners, functional blends, and other ingredients used in bakery products, meat and plant-based foods, dairy, confectionery, and other prepared foods.
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