Mission Produce (NASDAQ:AVO) Trading 3.1% Higher – What’s Next?

Mission Produce, Inc. (NASDAQ:AVO)’s share price was up 3.1% during mid-day trading on Monday . The stock traded as high as $10.40 and last traded at $10.43. Approximately 136,366 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 280,445 shares. The stock had previously closed at $10.12.

Mission Produce Price Performance

The firm has a market cap of $744.83 million, a P/E ratio of 20.55 and a beta of 0.47. The stock’s 50-day moving average is $11.44 and its 200-day moving average is $12.42. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23.

Insider Transactions at Mission Produce

In other news, insider Juan R. Wiesner sold 75,153 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $10.08, for a total transaction of $757,542.24. Following the sale, the insider now directly owns 1,000,000 shares in the company, valued at approximately $10,080,000. The trade was a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 97,975 shares of company stock worth $989,238. 35.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AVO. Intech Investment Management LLC acquired a new position in shares of Mission Produce in the 3rd quarter valued at $153,000. The Manufacturers Life Insurance Company raised its position in Mission Produce by 8.0% in the third quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock worth $850,000 after purchasing an additional 4,894 shares in the last quarter. Quantbot Technologies LP bought a new position in Mission Produce during the third quarter worth about $76,000. Martingale Asset Management L P acquired a new stake in Mission Produce during the third quarter valued at approximately $129,000. Finally, Walleye Capital LLC acquired a new stake in Mission Produce during the third quarter valued at approximately $1,939,000. 63.57% of the stock is owned by institutional investors.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.