Forafric Global (NASDAQ:AFRI) Stock Price Down 0.3% – Here’s What Happened

Forafric Global PLC (NASDAQ:AFRI) fell 0.3% during mid-day trading on Tuesday . The company traded as low as $10.05 and last traded at $10.25. 4,810 shares changed hands during trading, a decline of 54% from the average session volume of 10,471 shares. The stock had previously closed at $10.28.

Forafric Global Stock Down 1.0 %

The company’s 50 day simple moving average is $10.26 and its 200 day simple moving average is $10.74.

Institutional Trading of Forafric Global

Hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in Forafric Global by 2.0% in the 3rd quarter. State Street Corp now owns 50,236 shares of the company’s stock worth $570,000 after purchasing an additional 1,000 shares during the period. Barclays PLC raised its position in Forafric Global by 57.1% in the 3rd 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 last quarter. Geode Capital Management LLC boosted its position in 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 acquiring an additional 4,361 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 6,167 shares during the last quarter. 5.49% of the stock is currently 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.