Forafric Global (NASDAQ:AFRI) Shares Up 0.7% – Should You Buy?

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

Forafric Global Stock Performance

The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average is $9.17 and its two-hundred day moving average is $9.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its holdings in Forafric Global by 2.0% in the third quarter. State Street Corp now owns 50,236 shares of the company’s stock worth $570,000 after purchasing an additional 1,000 shares in the last quarter. Barclays PLC boosted its stake in shares of Forafric Global by 57.1% during the 3rd quarter. Barclays PLC now owns 15,522 shares of the company’s stock worth $176,000 after acquiring an additional 5,641 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $791,000 after acquiring an additional 4,361 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Forafric Global by 210.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,095 shares of the company’s stock valued at $103,000 after acquiring an additional 6,167 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Forafric Global by 465.1% in 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 in the last quarter. Institutional investors own 5.49% of the company’s stock.

About Forafric Global

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.