JPMorgan Chase & Co. Acquires 6,167 Shares of Forafric Global PLC (NASDAQ:AFRI)

JPMorgan Chase & Co. raised its holdings in shares of Forafric Global PLC (NASDAQ:AFRI) by 210.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,095 shares of the company’s stock after purchasing an additional 6,167 shares during the period. JPMorgan Chase & Co.’s holdings in Forafric Global were worth $103,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its position in shares of Forafric Global by 57.1% during the third 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. State Street Corp lifted its stake in Forafric Global by 2.0% during the 3rd quarter. State Street Corp now owns 50,236 shares of the company’s stock valued at $570,000 after acquiring an additional 1,000 shares during the period. Finally, Geode Capital Management LLC lifted its stake in 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 period. Hedge funds and other institutional investors own 5.49% of the company’s stock.

Forafric Global Price Performance

Shares of AFRI stock opened at $9.61 on Monday. 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 company has a 50 day moving average price of $10.04 and a 200-day moving average price of $10.59. Forafric Global PLC has a 52 week low of $9.56 and a 52 week high of $12.00.

Forafric Global 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.