Forafric Global PLC (NASDAQ:AFRI - Get Free Report)'s share price fell 0.3% during mid-day trading on Monday . The stock traded as low as $7.73 and last traded at $7.78. 21,087 shares were traded during trading, an increase of 70% from the average session volume of 12,380 shares. The stock had previously closed at $7.80.
Forafric Global Stock Performance
The company's 50-day moving average is $7.78 and its 200-day moving average is $8.52. The company has a debt-to-equity ratio of 3.92, a current ratio of 0.37 and a quick ratio of 0.30.
Institutional Trading of Forafric Global
A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Forafric Global by 121.9% in the fourth quarter. JPMorgan Chase & Co. now owns 20,185 shares of the company's stock worth $207,000 after purchasing an additional 11,090 shares during the period. Bank of New York Mellon Corp acquired a new position in Forafric Global in the first quarter worth $87,000. Northern Trust Corp boosted its holdings in Forafric Global by 18.4% in the fourth quarter. Northern Trust Corp now owns 48,133 shares of the company's stock worth $493,000 after purchasing an additional 7,479 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Forafric Global by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,141 shares of the company's stock worth $155,000 after purchasing an additional 3,204 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in Forafric Global in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 5.49% of the company's stock.
About Forafric Global
(
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Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco, Burkina, Mali, Angola, and internationally. The company provides wheat flours and semolina; and secondary processing products, such as pasta and couscous under the TRIA and MayMouna brand names.
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