Forafric Global (NASDAQ:AFRI) Shares Gap Down to $11.74

Shares of Forafric Global PLC (NASDAQ:AFRI) gapped down prior to trading on Tuesday . The stock had previously closed at $11.74, but opened at $11.11. Forafric Global shares last traded at $11.49, with a volume of 1,451 shares traded.

Forafric Global Stock Down 4.3 %

The stock has a 50-day simple moving average of $11.10 and a 200 day simple moving average of $11.02.

Institutional Trading of Forafric Global

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Forafric Global during the 2nd quarter worth approximately $1,091,000. Geode Capital Management LLC lifted its position in shares of Forafric Global by 380.7% during the 2nd quarter. Geode Capital Management LLC now owns 61,410 shares of the company’s stock worth $674,000 after buying an additional 48,636 shares during the period. Northern Trust Corp bought a new position in shares of Forafric Global during the 2nd quarter worth approximately $351,000. State Street Corp bought a new position in Forafric Global in the 2nd quarter valued at $349,000. Finally, Susquehanna International Group LLP bought a new position in Forafric Global in the 1st quarter valued at $347,000. Institutional investors own 0.58% of the company’s stock.

Forafric Global Company Profile

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 offers flour and semolina; and secondary processing products, such as pasta and couscous under the Tria and MayMouna brands.