Forafric Global (NASDAQ:AFRI) Shares Up 0.7% – What’s Next?

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

Forafric Global Price Performance

The business’s fifty day moving average price is $9.15 and its 200 day moving average price is $9.97. 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 Investors Weigh In On Forafric Global

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Forafric Global by 2.0% during the 3rd quarter. State Street Corp now owns 50,236 shares of the company’s stock worth $570,000 after buying an additional 1,000 shares during the period. BNP Paribas Financial Markets acquired a new position in Forafric Global during the fourth quarter worth $28,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Forafric Global by 26.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,141 shares of the company’s stock valued at $155,000 after acquiring an additional 3,204 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Forafric Global by 6.7% during the third quarter. Geode Capital Management LLC now owns 69,758 shares of the company’s stock valued at $791,000 after acquiring an additional 4,361 shares during the period. Finally, Barclays PLC boosted its stake in shares of 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 purchasing an additional 5,641 shares in the last quarter. 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.