Wall Street Zen upgraded shares of Forafric Global (NASDAQ:AFRI – Free Report) to a hold rating in a report released on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forafric Global in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Forafric Global presently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on AFRI
Forafric Global Price Performance
Shares of NASDAQ AFRI opened at $11.84 on Friday. Forafric Global has a 1 year low of $8.54 and a 1 year high of $13.48. The firm has a 50-day simple moving average of $11.20 and a two-hundred day simple moving average of $10.49.
Hedge Funds Weigh In On Forafric Global
An institutional investor recently raised its position in Forafric Global stock. Renaissance Technologies LLC increased its position in shares of Forafric Global PLC (NASDAQ:AFRI – Free Report) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,900 shares of the company’s stock after buying an additional 2,400 shares during the period. Renaissance Technologies LLC owned about 0.06% of Forafric Global worth $153,000 at the end of the most recent quarter. 5.49% of the stock is currently owned by hedge funds and other institutional investors.
Forafric Global Company Profile
Forafric Global PLC is a Morocco-based food company that produces, processes and distributes staple food products. Its operations are centered on the milling of wheat and other grains, with products including flour, semolina, couscous and pasta, as well as related packaged food items.
The company markets products under brands including MayMouna and supplies both consumer and business customers. Its activities span agricultural sourcing, food processing, packaging and distribution, serving retail, food-service and industrial customers.
Forafric traces its roots to Morocco, where it has developed a longstanding presence in the grain-processing and packaged-food industries.
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