Shares of Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) traded down 2.2% during mid-day trading on Friday . The company traded as low as $17.65 and last traded at $17.67. 2,472 shares traded hands during trading, a decline of 38% from the average session volume of 3,973 shares. The stock had previously closed at $18.0685.
Shoprite Stock Down 2.2%
The company’s fifty day simple moving average is $16.72 and its 200-day simple moving average is $16.59.
Shoprite Company Profile
Shoprite Holdings Limited, trading in the form of American Depositary Receipts under the symbol SRGHY on the OTC Markets, is the largest food retailer on the African continent. Headquartered in Brackenfell, South Africa, the company operates a diversified portfolio of supermarkets, hypermarkets and convenience stores. Its retail network serves both urban and rural markets with a focus on affordability, quality fresh produce and a broad range of everyday household items.
The company’s core retail brands include Shoprite, Checkers, Checkers Hyper, Usave and OK Furniture, each tailored to specific market segments.
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