Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY – Get Free Report) shot up 2.6% during mid-day trading on Tuesday . The company traded as high as $11.50 and last traded at $11.50. 271 shares changed hands during trading, a decline of 76% from the average daily volume of 1,136 shares. The stock had previously closed at $11.21.
Analysts Set New Price Targets
Separately, Zacks Research raised Meiji to a “hold” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Analysis on Meiji
Meiji Stock Performance
About Meiji
Meiji (OTCMKTS:MEJHY) is the American depositary receipt that represents shares of Meiji Holdings Co, Ltd., a Tokyo-based diversified food and pharmaceutical company. Through its two main subsidiaries, Meiji Co, Ltd. and Meiji Seika Pharma Co, Ltd., the company engages in the development, production and sale of a wide range of food and health care products.
In its food business, Meiji offers dairy products such as milk, yogurt, cheese and infant formula under the Meiji brand. The company is also known for its confectionery line, which includes chocolate, candy, gum and biscuits, marketed both domestically in Japan and across Asia.
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