Nufarm (OTCMKTS:NUFMF) Shares Down 12.7% – Here’s What Happened

Nufarm Limited (OTCMKTS:NUFMF) dropped 12.7% on Monday . The company traded as low as $2.2250 and last traded at $2.2250. Approximately 850 shares traded hands during trading, a decline of 86% from the average daily volume of 6,102 shares. The stock had previously closed at $2.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NUFMF. Jefferies Financial Group upgraded Nufarm to a “buy” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada upgraded Nufarm to an “outperform” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Nufarm has a consensus rating of “Buy”.

Nufarm Price Performance

The company’s 50-day simple moving average is $2.04 and its 200-day simple moving average is $1.83.

Nufarm Company Profile

Nufarm Limited (OTCMKTS: NUFMF) is a global crop protection company headquartered in Melbourne, Australia, specializing in the development, manufacturing and distribution of agricultural chemicals. The company’s core product lineup includes herbicides, insecticides, fungicides and plant growth regulators designed to enhance crop yields and protect against a wide range of agronomic challenges. Nufarm serves a broad customer base of farmers, distributors and retailers, providing tailored solutions across diverse crop types and growing conditions.

With a strategic focus on innovation, Nufarm invests in research and development to advance new active ingredients and formulations that address evolving pest resistance and environmental sustainability.