Meiji (OTCMKTS:MEJHY) Stock Price Down 7.4% – Time to Sell?

Shares of Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) fell 7.4% during mid-day trading on Monday . The company traded as low as $10.87 and last traded at $10.87. 164 shares changed hands during trading, a decline of 87% from the average session volume of 1,239 shares. The stock had previously closed at $11.7380.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Meiji to a “hold” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Meiji Price Performance

The company’s 50 day simple moving average is $11.88 and its 200 day simple moving average is $11.49.

About Meiji

Meiji (OTCMKTS:MEJHY) is the American depositary receipt that represents shares of Meiji Holdings Co, Ltd., a Tokyo-based diversified food and pharmaceutical company. Through its two main subsidiaries, Meiji Co, Ltd. and Meiji Seika Pharma Co, Ltd., the company engages in the development, production and sale of a wide range of food and health care products.

In its food business, Meiji offers dairy products such as milk, yogurt, cheese and infant formula under the Meiji brand. The company is also known for its confectionery line, which includes chocolate, candy, gum and biscuits, marketed both domestically in Japan and across Asia.