Meiji (OTCMKTS:MEJHY) Trading 2.6% Higher – Still a Buy?

Meiji Holdings Co., Ltd. (OTCMKTS:MEJHYGet Free Report) was up 2.6% during trading on Tuesday . The company traded as high as $11.50 and last traded at $11.50. Approximately 271 shares changed hands during trading, a decline of 76% from the average daily volume of 1,136 shares. The stock had previously closed at $11.21.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Meiji to a “hold” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Meiji has an average rating of “Hold”.

Get Our Latest Stock Analysis on Meiji

Meiji Trading Up 2.6%

The company’s fifty day simple moving average is $11.41 and its two-hundred day simple moving average is $11.69.

About Meiji

(Get Free Report)

Meiji (OTCMKTS:MEJHY) is the American depositary receipt that represents shares of Meiji Holdings Co, Ltd., a Tokyo-based diversified food and pharmaceutical company. Through its two main subsidiaries, Meiji Co, Ltd. and Meiji Seika Pharma Co, Ltd., the company engages in the development, production and sale of a wide range of food and health care products.

In its food business, Meiji offers dairy products such as milk, yogurt, cheese and infant formula under the Meiji brand. The company is also known for its confectionery line, which includes chocolate, candy, gum and biscuits, marketed both domestically in Japan and across Asia.

Featured Stories

Receive News & Ratings for Meiji Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meiji and related companies with MarketBeat.com's FREE daily email newsletter.