Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) shares dropped 2.3% during trading on Friday . The company traded as low as $17.6801 and last traded at $17.8775. Approximately 3,276 shares were traded during mid-day trading, a decline of 25% from the average session volume of 4,371 shares. The stock had previously closed at $18.2905.
Shoprite Stock Performance
The company has a 50-day moving average of $17.70 and a two-hundred day moving average of $16.89.
Shoprite Company Profile
Shoprite Holdings Limited, trading in the form of American Depositary Receipts under the symbol SRGHY on the OTC Markets, is the largest food retailer on the African continent. Headquartered in Brackenfell, South Africa, the company operates a diversified portfolio of supermarkets, hypermarkets and convenience stores. Its retail network serves both urban and rural markets with a focus on affordability, quality fresh produce and a broad range of everyday household items.
The company’s core retail brands include Shoprite, Checkers, Checkers Hyper, Usave and OK Furniture, each tailored to specific market segments.
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