Forafric Global (NASDAQ:AFRI) Stock Price Up 0.7% – Here’s What Happened

Forafric Global PLC (NASDAQ:AFRI)’s stock price was up 0.7% during mid-day trading on Monday . The company traded as high as $8.85 and last traded at $8.60. Approximately 15,361 shares changed hands during mid-day trading, an increase of 52% from the average daily volume of 10,129 shares. The stock had previously closed at $8.54.

Forafric Global Trading Up 0.7 %

The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $9.17 and its 200-day moving average is $9.99.

Institutional Investors Weigh In On Forafric Global

Several hedge funds and other institutional investors have recently made changes to their positions in AFRI. BNP Paribas Financial Markets bought a new stake in Forafric Global during the 4th quarter valued at approximately $28,000. Northern Trust Corp lifted its holdings in shares of Forafric Global by 18.4% during the fourth quarter. Northern Trust Corp now owns 48,133 shares of the company’s stock worth $493,000 after buying an additional 7,479 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Forafric Global by 121.9% in the fourth quarter. JPMorgan Chase & Co. now owns 20,185 shares of the company’s stock valued at $207,000 after acquiring an additional 11,090 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Forafric Global by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,141 shares of the company’s stock worth $155,000 after acquiring an additional 3,204 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Forafric Global by 465.1% during the fourth quarter. Rhumbline Advisers now owns 35,001 shares of the company’s stock worth $359,000 after acquiring an additional 28,807 shares during the period. 5.49% of the stock is owned by institutional investors and hedge funds.

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.