PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Stock Price Down 4.9% – Here’s Why

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) was down 4.9% on Friday . The company traded as low as $24.00 and last traded at $24.00. Approximately 250 shares changed hands during trading, a decline of 69% from the average daily volume of 810 shares. The stock had previously closed at $25.23.

PT Indofood Sukses Makmur Tbk Stock Performance

The firm’s fifty day moving average price is $23.79 and its 200-day moving average price is $23.23.

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.