PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Trading Down 6.6% – Should You Sell?

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY)’s share price traded down 6.6% on Wednesday . The stock traded as low as $23.25 and last traded at $23.25. 507 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 2,544 shares. The stock had previously closed at $24.90.

PT Indofood Sukses Makmur Tbk Stock Down 6.6 %

The firm’s fifty day moving average is $23.48 and its two-hundred day moving average is $20.74.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally. It operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments. It offers noodles; ultra-high temperature (UHT), sterilized bottled, evaporated, pasteurized liquid, UHT multi-cereal, and powdered milk; milk-flavored and cereal powdered drinks, sweetened condensed creamer, ice cream, and butter; potato, cassava, soybean, corn, and various extruded snacks; recipe mixes, soy and chili sauce, tomato sauce, and stock soup; baby cereals; rice puffs, crunchies, biscuits, puddings, noodle soup, and pasta; cereal snacks for children; and ready-to-drink tea, packaged water, and fruit-flavored drinks.