PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) shares dropped 8% on Thursday . The company traded as low as $17.51 and last traded at $17.51. Approximately 700 shares changed hands during trading, a decline of 87% from the average session volume of 5,542 shares. The stock had previously closed at $19.0425.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.
Read Our Latest Report on PT Indofood Sukses Makmur Tbk
PT Indofood Sukses Makmur Tbk Stock Down 2.4%
About PT Indofood Sukses Makmur Tbk
PT Indofood Sukses Makmur Tbk is an Indonesia-based integrated food company with activities spanning consumer branded products, flour milling, agribusiness, and distribution. The company serves consumers through a broad portfolio of food and beverage products and has developed an integrated supply chain that extends from agricultural production and processing to manufacturing and distribution.
Through its consumer branded products business, Indofood offers instant noodles, dairy products, snack foods, food seasonings, nutrition products, and beverages.
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