Marfrig Global Foods S.A. (OTCMKTS:MRRTY) shares were down 0.6% during mid-day trading on Tuesday . The stock traded as low as $3.08 and last traded at $3.12. Approximately 13,760 shares changed hands during trading, a decline of 42% from the average daily volume of 23,823 shares. The stock had previously closed at $3.14.
Separately, Santander cut shares of Marfrig Global Foods from a “buy” rating to an “underperform” rating in a research note on Tuesday, December 15th.
The company’s 50-day moving average price is $2.84 and its 200 day moving average price is $2.74.
Marfrig Global Foods SA, through its subsidiaries, operates in the food and food service industries in Brazil, the United States, Uruguay, and Argentina. It produces, processes, distributes, and sells animal-based proteins, such as beef, lamb, and fish, as well as plant-based proteins; and various other food products, including frozen vegetables, sheep, fish, and sauces.
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