Gruma (OTCMKTS:GPAGF) Shares Down 12.1% – Here’s What Happened

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGFGet Free Report) shares were down 12.1% on Monday . The company traded as low as $16.2550 and last traded at $16.2550. Approximately 427 shares traded hands during trading, a decline of 47% from the average daily volume of 805 shares. The stock had previously closed at $18.50.

Gruma Price Performance

The company has a 50 day moving average of $18.07 and a 200 day moving average of $18.09.

Institutional Investors Weigh In On Gruma

A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. acquired a new position in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGFFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,600 shares of the company’s stock, valued at approximately $476,000. Institutional investors own 19.30% of the company’s stock.

Gruma Company Profile

(Get Free Report)

Gruma, SAB. de C.V. is a Mexico-based multinational food processing company and one of the world’s leading producers of corn flour and tortillas. The company’s core business activities include the manufacture, marketing and sale of corn flour, wheat flour and related products under a portfolio of well-known brands such as Maseca, Mission and Guerrero. Gruma also produces and distributes a variety of flatbreads, snack foods and bakery items tailored to both retail consumers and the foodservice industry.

Founded in 1949 by Roberto González Barrera, Gruma has grown from a single tortilla plant in Monterrey into a global enterprise.

See Also

Receive News & Ratings for Gruma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gruma and related companies with MarketBeat.com's FREE daily email newsletter.