Gruma (OTCMKTS:GPAGF) Stock Price Down 5.9% – Here’s Why

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGFGet Free Report) fell 5.9% during mid-day trading on Friday . The stock traded as low as $14.00 and last traded at $14.00. 100 shares were traded during trading, a decline of 96% from the average daily volume of 2,517 shares. The stock had previously closed at $14.87.

Gruma Stock Down 5.9%

The stock’s fifty day simple moving average is $15.65 and its 200 day simple moving average is $17.38.

Institutional Trading of Gruma

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

About Gruma

(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.

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