Forafric Global (NASDAQ:AFRI) Trading Down 1.5% – What’s Next?

Shares of Forafric Global PLC (NASDAQ:AFRI) traded down 1.5% on Tuesday . The company traded as low as $9.47 and last traded at $9.49. 11,013 shares were traded during mid-day trading, an increase of 19% from the average session volume of 9,261 shares. The stock had previously closed at $9.63.

Forafric Global Stock Down 1.5 %

The stock has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $10.42. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 0.74.

Institutional Investors Weigh In On Forafric Global

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Forafric Global by 210.6% in the third quarter. JPMorgan Chase & Co. now owns 9,095 shares of the company’s stock valued at $103,000 after acquiring an additional 6,167 shares during the period. Geode Capital Management LLC grew its stake in Forafric Global by 6.7% in the third quarter. Geode Capital Management LLC now owns 69,758 shares of the company’s stock valued at $791,000 after acquiring an additional 4,361 shares during the period. State Street Corp grew its stake in Forafric Global by 2.0% in the third quarter. State Street Corp now owns 50,236 shares of the company’s stock valued at $570,000 after acquiring an additional 1,000 shares during the period. Barclays PLC grew its stake in Forafric Global by 57.1% in the third quarter. Barclays PLC now owns 15,522 shares of the company’s stock valued at $176,000 after acquiring an additional 5,641 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Forafric Global in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 5.49% of the company’s stock.

About Forafric Global

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 provides wheat flours and semolina; and secondary processing products, such as pasta and couscous under the TRIA and MayMouna brand names.