Above Food Ingredients (NASDAQ:ABVE) Stock Price Down 5% - Should You Sell?

Above Food Ingredients Inc. (NASDAQ:ABVE - Get Free Report) was down 5% during trading on Tuesday . The company traded as low as $2.21 and last traded at $2.30. Approximately 7,432,125 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 4,606,937 shares. The stock had previously closed at $2.42.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Above Food Ingredients to a "hold" rating in a research note on Thursday, May 22nd.

Above Food Ingredients Stock Up 11.5%

The business's 50 day simple moving average is $1.40 and its 200 day simple moving average is $0.90.

Institutional Trading of Above Food Ingredients

An institutional investor recently raised its position in Above Food Ingredients stock. Pure Financial Advisors LLC lifted its position in shares of Above Food Ingredients Inc. (NASDAQ:ABVE - Free Report) by 56.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,712 shares of the company's stock after buying an additional 9,631 shares during the period. Pure Financial Advisors LLC owned 0.10% of Above Food Ingredients worth $30,000 as of its most recent SEC filing. 28.79% of the stock is owned by institutional investors and hedge funds.

About Above Food Ingredients

Above Food Ingredients Inc, a regenerative ingredient company, produces vertically integrated supply chain products in Canada, the United States, Mexico, China, France, Turkey, and internationally. It operates through two segments: Disruptive Agriculture and Rudimentary Ingredients, and Consumer Packaged Goods.