PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Trading 0.8% Higher – What’s Next?

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) shot up 0.8% during mid-day trading on Friday . The stock traded as high as $21.4750 and last traded at $21.4750. 280 shares changed hands during trading, a decline of 68% from the average session volume of 868 shares. The stock had previously closed at $21.30.

PT Indofood Sukses Makmur Tbk Stock Performance

The firm’s 50-day moving average is $22.60 and its 200-day moving average is $23.71.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally. It operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments. It offers noodles; ultra-high temperature (UHT), sterilized bottled, evaporated, pasteurized liquid, UHT multi-cereal, and powdered milk; milk-flavored and cereal powdered drinks, sweetened condensed creamer, ice cream, and butter; potato, cassava, soybean, corn, and various extruded snacks; recipe mixes, soy and chili sauce, tomato sauce, and stock soup; baby cereals; rice puffs, crunchies, biscuits, puddings, noodle soup, and pasta; cereal snacks for children; and ready-to-drink tea, packaged water, and fruit-flavored drinks.