PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) traded down 13% during mid-day trading on Friday . The company traded as low as $18.99 and last traded at $18.99. Approximately 230 shares traded hands during trading, a decline of 96% from the average session volume of 5,785 shares. The stock had previously closed at $21.84.
Analysts Set New Price Targets
Separately, Zacks Research upgraded PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on PT Indofood Sukses Makmur Tbk
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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