Midera Food Processing (NASDAQ:MFP – Get Free Report) Director Robert Nerbonne acquired 10,900 shares of the company’s stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $45.05 per share, with a total value of $491,045.00. Following the purchase, the director directly owned 32,371 shares in the company, valued at approximately $1,458,313.55. This represents a 50.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Midera Food Processing Price Performance
Shares of NASDAQ:MFP opened at $45.71 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Midera Food Processing has a 1 year low of $33.00 and a 1 year high of $49.86.
Wall Street Analyst Weigh In
MFP has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Midera Food Processing in a report on Wednesday, July 15th. They set an “outperform” rating and a $50.00 price target for the company. Robert W. Baird initiated coverage on shares of Midera Food Processing in a report on Wednesday, July 8th. They set a “neutral” rating and a $40.00 target price on the stock. Zacks Research raised Midera Food Processing to a “hold” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen upgraded Midera Food Processing to a “hold” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Midera Food Processing has a consensus rating of “Hold” and a consensus price target of $45.00.
Midera Food Processing Company Profile
Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.
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