MMCAP International Inc. SPC Makes New Investment in Above Food Ingredients Inc. (NASDAQ:ABVE)

Key Points

• MMCAP International Inc. SPC has acquired a new stake in Above Food Ingredients Inc. (NASDAQ: ABVE), purchasing 471,169 shares valued at approximately $280,000.
• Wall Street Zen has upgraded Above Food Ingredients to a "hold" rating, indicating a more stable outlook for the company.
• As of Friday, shares of Above Food Ingredients are trading at $1.85, with a 52-week range between $0.25 and $4.40.

MMCAP International Inc. SPC bought a new stake in Above Food Ingredients Inc. (NASDAQ:ABVE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 471,169 shares of the company's stock, valued at approximately $280,000. MMCAP International Inc. SPC owned approximately 1.69% of Above Food Ingredients as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

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

Above Food Ingredients Trading Up 4.4%

Shares of NASDAQ ABVE traded up $0.09 during mid-day trading on Thursday, reaching $2.12. The company had a trading volume of 3,181,990 shares, compared to its average volume of 7,510,723. Above Food Ingredients Inc. has a twelve month low of $0.25 and a twelve month high of $4.40. The stock's 50 day moving average is $1.54 and its 200-day moving average is $1.01.

Above Food Ingredients Company Profile

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.