HelloFresh SE (OTCMKTS:HLFFF – Get Free Report) was up 8% during mid-day trading on Tuesday. The company traded as high as $2.97 and last traded at $2.97. Approximately 14,621 shares were traded during trading, an increase of 449% from the average daily volume of 2,664 shares. The stock had previously closed at $2.75.
Wall Street Analyst Weigh In
Separately, Barclays lowered HelloFresh from an “equal weight” rating to an “underweight” rating in a report on Friday, August 14th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Sell”.
Check Out Our Latest Report on HelloFresh
HelloFresh Trading Up 8.0%
About HelloFresh
HelloFresh SE is a Germany-based food technology company that provides meal kits and ready-to-eat meals through subscription-based and direct-to-consumer services. Its meal kits typically include pre-portioned ingredients and recipe instructions, allowing customers to prepare meals at home, while its prepared-meal offerings are designed for convenience with minimal preparation.
The company operates through brands including HelloFresh, Green Chef, EveryPlate and Factor. Its products cover a range of dietary preferences and price points, with offerings that may include vegetarian, calorie-conscious, family-oriented and other specialized meal options.
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