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

Forafric Global PLC (NASDAQ:AFRI) shares fell 1.5% during mid-day trading on Tuesday . The stock traded as low as $9.47 and last traded at $9.49. 11,013 shares changed hands 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 Performance

The company has a 50 day simple moving average of $9.86 and a 200-day simple moving average of $10.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.42 and a quick ratio of 0.31.

Institutional Trading of Forafric Global

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 6,167 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 buying an additional 4,361 shares during the period. State Street Corp raised its stake in shares of 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 buying an additional 1,000 shares during the period. Barclays PLC raised its stake in shares of 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 buying an additional 5,641 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Forafric Global in the fourth quarter valued at $28,000. 5.49% of the stock is currently owned by institutional investors.

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