Mission Produce (NASDAQ:AVO) Trading Down 2.5% - Should You Sell?

Shares of Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) were down 2.5% during trading on Monday . The stock traded as low as $10.39 and last traded at $10.37. Approximately 15,735 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 291,033 shares. The stock had previously closed at $10.64.

Mission Produce Trading Up 1.2 %

The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $10.50 and a 200-day moving average price of $11.96. The firm has a market capitalization of $748.39 million, a PE ratio of 20.65 and a beta of 0.54.

Insiders Place Their Bets

In related news, insider Juan R. Wiesner sold 75,153 shares of Mission Produce stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $10.08, for a total transaction of $757,542.24. Following the completion of the transaction, the insider now directly owns 1,000,000 shares in the company, valued at $10,080,000. The trade was a 6.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 35.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mission Produce

Several hedge funds have recently bought and sold shares of AVO. R Squared Ltd acquired a new stake in shares of Mission Produce during the fourth quarter valued at $34,000. New York State Teachers Retirement System purchased a new position in Mission Produce in the 4th quarter valued at about $57,000. Ameriflex Group Inc. acquired a new stake in shares of Mission Produce during the 4th quarter worth about $57,000. State of Wyoming purchased a new stake in shares of Mission Produce during the fourth quarter worth about $63,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Mission Produce during the fourth quarter worth about $114,000. Hedge funds and other institutional investors own 63.57% of the company's stock.

About Mission Produce

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.