Wall Street Zen upgraded shares of Forafric Global (NASDAQ:AFRI – Free Report) to a hold rating in a research note published on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Forafric Global in a report on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
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Forafric Global Stock Down 1.2%
Shares of AFRI stock opened at $11.70 on Friday. The firm’s 50-day moving average is $11.22 and its 200-day moving average is $10.52. Forafric Global has a 52-week low of $8.62 and a 52-week high of $13.48.
Institutional Investors Weigh In On Forafric Global
A hedge fund recently raised its stake in Forafric Global stock. Renaissance Technologies LLC grew its stake in Forafric Global PLC (NASDAQ:AFRI – Free Report) by 17.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,900 shares of the company’s stock after purchasing an additional 2,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.06% of Forafric Global worth $153,000 as of its most recent SEC filing. 5.49% of the stock is owned by institutional investors.
About Forafric Global
Forafric Global PLC is a Morocco-based food company that produces, processes and distributes staple food products. Its operations are centered on the milling of wheat and other grains, with products including flour, semolina, couscous and pasta, as well as related packaged food items.
The company markets products under brands including MayMouna and supplies both consumer and business customers. Its activities span agricultural sourcing, food processing, packaging and distribution, serving retail, food-service and industrial customers.
Forafric traces its roots to Morocco, where it has developed a longstanding presence in the grain-processing and packaged-food industries.
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