PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Shares Gap Up – Here’s What Happened

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $18.1990, but opened at $19.68. PT Indofood Sukses Makmur Tbk shares last traded at $18.7355, with a volume of 993 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of PT Indofood Sukses Makmur Tbk to a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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PT Indofood Sukses Makmur Tbk Stock Up 4.2%

The stock has a fifty day moving average of $19.12 and a 200-day moving average of $19.80. The stock has a market cap of $3.45 billion and a PE ratio of 0.00.

About PT Indofood Sukses Makmur Tbk

(Get Free Report)

PT Indofood Sukses Makmur Tbk is an Indonesian-based integrated food company and one of the world’s largest producers of instant noodles. Established in 1990 and headquartered in Jakarta, the company operates through several business segments including consumer branded products, flour milling, edible oils and fats, and agribusiness. Indofood is a member of the Salim Group and has grown through both organic expansion and strategic acquisitions to become a leading name in the regional food industry.

In its consumer branded products division, Indofood manufactures and markets a diverse portfolio that spans instant noodles, dairy products, snack foods, biscuits, confectionery, and flavored beverages.

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