Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) fell 5.3% during trading on Wednesday . The company traded as low as $10.52 and last traded at $10.53. 336,941 shares were traded during trading, an increase of 15% from the average session volume of 293,379 shares. The stock had previously closed at $11.12.
Mission Produce Stock Performance
The company has a market cap of $723.51 million, a price-to-earnings ratio of 19.96 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The stock has a 50-day moving average price of $10.40 and a 200 day moving average price of $11.64.
Insider Activity at Mission Produce
In other Mission Produce news, insider Juan R. Wiesner sold 21,892 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total value of $220,014.60. Following the completion of the transaction, the insider now directly owns 21,412 shares in the company, valued at $215,190.60. This trade represents a 50.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 35.41% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in shares of Mission Produce during the 4th quarter worth approximately $57,000. New York State Common Retirement Fund boosted its stake in shares of Mission Produce by 72.6% during the 4th quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock worth $137,000 after acquiring an additional 4,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Mission Produce by 36.5% during the 4th quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company's stock worth $2,362,000 after acquiring an additional 43,957 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Mission Produce during the 4th quarter worth approximately $2,147,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Mission Produce during the 4th quarter worth approximately $173,000. 63.57% of the stock is currently owned by institutional investors.
About Mission Produce
(
Get Free Report)
Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.
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