The Magnum Ice Cream Company N.V. (NYSE:MICC - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.36 and last traded at $14.4020, with a volume of 21653 shares trading hands. The stock had previously closed at $14.95.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Zacks Research cut Magnum Ice Cream from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th. Berenberg Bank upgraded shares of Magnum Ice Cream to a "hold" rating in a research report on Friday, February 27th. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a "neutral" rating to a "sell" rating in a report on Friday, March 20th. Oddo Bhf assumed coverage on shares of Magnum Ice Cream in a research report on Thursday, January 15th. They issued an "outperform" rating for the company. Finally, Weiss Ratings downgraded shares of Magnum Ice Cream from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Magnum Ice Cream currently has an average rating of "Reduce".
View Our Latest Stock Report on MICC
Magnum Ice Cream Price Performance
The company's 50-day moving average price is $16.34.
Institutional Trading of Magnum Ice Cream
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FIL Ltd bought a new position in Magnum Ice Cream during the 4th quarter worth approximately $360,762,000. Vanguard Group Inc. bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $344,031,000. First Eagle Investment Management LLC acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth $260,541,000. Norges Bank acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth $173,632,000. Finally, Barclays PLC bought a new position in Magnum Ice Cream during the fourth quarter worth $156,326,000.
Magnum Ice Cream Company Profile
(
Get Free Report)
The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.
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