Forafric Global (NASDAQ:AFRI) Stock Rating Upgraded by Wall Street Zen

Forafric Global (NASDAQ:AFRI) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Forafric Global in a research note on Thursday, August 13th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Forafric Global Stock Performance

Forafric Global stock opened at $11.84 on Friday. The business’s 50-day simple moving average is $11.20 and its two-hundred day simple moving average is $10.50. Forafric Global has a fifty-two week low of $8.54 and a fifty-two week high of $13.48.

Institutional Trading of Forafric Global

An institutional investor recently raised its stake in Forafric Global stock. Renaissance Technologies LLC boosted its stake in shares of Forafric Global PLC (NASDAQ:AFRI) by 17.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,900 shares of the company’s stock after acquiring an additional 2,400 shares during the quarter. Renaissance Technologies LLC owned 0.06% of Forafric Global worth $153,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.49% of the company’s stock.

Forafric Global Company Profile

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.