Shares of Forafric Global PLC (NASDAQ:AFRI - Get Free Report) fell 0.5% on Friday . The company traded as low as $7.76 and last traded at $7.76. 20,969 shares were traded during trading, an increase of 74% from the average session volume of 12,024 shares. The stock had previously closed at $7.80.
Forafric Global Stock Performance
The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 0.74. The business's fifty day simple moving average is $8.19 and its two-hundred day simple moving average is $9.14.
Institutional Investors Weigh In On Forafric Global
Several hedge funds and other institutional investors have recently bought and sold shares of AFRI. BNP Paribas Financial Markets acquired a new position in Forafric Global in the fourth quarter valued at $28,000. Bank of New York Mellon Corp purchased a new stake in shares of Forafric Global in the 1st quarter valued at about $87,000. Charles Schwab Investment Management Inc. boosted its position in shares of Forafric Global by 26.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,141 shares of the company's stock valued at $155,000 after purchasing an additional 3,204 shares during the period. JPMorgan Chase & Co. grew its stake in Forafric Global by 121.9% during the 4th quarter. JPMorgan Chase & Co. now owns 20,185 shares of the company's stock worth $207,000 after buying an additional 11,090 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Forafric Global by 465.1% during the 4th quarter. Rhumbline Advisers now owns 35,001 shares of the company's stock worth $359,000 after buying an additional 28,807 shares during the last quarter. 5.49% of the stock is currently owned by institutional investors and hedge funds.
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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