Shares of Forafric Global PLC (NASDAQ:AFRI - Get Free Report) shot up 0.7% on Monday . The stock traded as high as $8.85 and last traded at $8.60. 15,361 shares traded hands during mid-day trading, an increase of 52% from the average session volume of 10,129 shares. The stock had previously closed at $8.54.
Forafric Global Stock Performance
The business's 50-day moving average price is $9.10 and its 200-day moving average price is $9.95. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 0.74.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of AFRI. Rhumbline Advisers raised its stake in Forafric Global by 465.1% during the 4th quarter. Rhumbline Advisers now owns 35,001 shares of the company's stock valued at $359,000 after acquiring an additional 28,807 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Forafric Global by 210.6% during the third quarter. JPMorgan Chase & Co. now owns 9,095 shares of the company's stock worth $103,000 after acquiring an additional 6,167 shares during the period. Geode Capital Management LLC boosted its position in shares of Forafric Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 69,758 shares of the company's stock worth $791,000 after purchasing an additional 4,361 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Forafric Global by 26.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,141 shares of the company's stock worth $155,000 after purchasing an additional 3,204 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Forafric Global by 2.0% in the 3rd quarter. State Street Corp now owns 50,236 shares of the company's stock valued at $570,000 after purchasing an additional 1,000 shares in the last quarter. 5.49% of the stock is currently owned by institutional investors and hedge funds.
Forafric Global Company Profile
(
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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.
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