Shares of Universal Robina Co. (OTCMKTS:UVRBF – Get Free Report) dropped 10.9% during trading on Tuesday. The company traded as low as $0.8999 and last traded at $0.8999. 1,000 shares traded hands during trading, a decline of 38% from the average session volume of 1,600 shares. The stock had previously closed at $1.01.
Universal Robina Stock Down 10.9%
The firm’s 50-day moving average price is $1.00 and its 200-day moving average price is $1.02.
Hedge Funds Weigh In On Universal Robina
An institutional investor recently bought a new position in Universal Robina stock. Bank of New York Mellon Corp bought a new position in shares of Universal Robina Co. (OTCMKTS:UVRBF – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 342,650 shares of the company’s stock, valued at approximately $17,876,000. Hedge funds and other institutional investors own 17.71% of the company’s stock.
Universal Robina Company Profile
Universal Robina Corporation (OTCMKTS:UVRBF) is a Philippine branded consumer food and beverage company and a subsidiary of JG Summit Holdings. Founded in 1955 as Universal Corn Products, the company has grown from a corn-milling operation into a diversified manufacturer of snacks, biscuits, confectionery, beverages, coffee and other packaged food products.
Universal Robina markets many of its products under well-known brands, including Jack ‘n Jill, Piattos, Chippy, Cloud 9, Nips, Magic Flakes, C2, Great Taste and Blend 45.
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