PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $21.50, but opened at $20.7869. PT Indofood Sukses Makmur Tbk shares last traded at $20.18, with a volume of 1,241 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded PT Indofood Sukses Makmur Tbk from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
View Our Latest Stock Report on PIFMY
PT Indofood Sukses Makmur Tbk Stock Performance
PT Indofood Sukses Makmur Tbk Company Profile
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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