Above Food Ingredients (NASDAQ:ABVE) Shares Down 4.1% – What’s Next?

Above Food Ingredients Inc. (NASDAQ:ABVE) was down 4.1% during trading on Friday . The company traded as low as $2.22 and last traded at $2.34. Approximately 1,486,796 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 1,419,882 shares. The stock had previously closed at $2.44.

Above Food Ingredients Stock Down 4.1%

The business’s 50-day moving average is $2.15 and its two-hundred day moving average is $2.38.

Institutional Trading of Above Food Ingredients

Large investors have recently made changes to their positions in the company. Cantor Fitzgerald L. P. grew its stake in Above Food Ingredients by 41.4% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 205,000 shares of the company’s stock worth $357,000 after buying an additional 60,000 shares during the last quarter. Scotia Capital Inc. lifted its stake in Above Food Ingredients by 20.3% in the second quarter. Scotia Capital Inc. now owns 59,938 shares of the company’s stock valued at $67,000 after buying an additional 10,113 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Above Food Ingredients in the third quarter valued at approximately $88,000. Pure Financial Advisors LLC boosted its holdings in shares of Above Food Ingredients by 9.2% in the third quarter. Pure Financial Advisors LLC now owns 29,163 shares of the company’s stock valued at $51,000 after acquiring an additional 2,451 shares during the period. Finally, Fiduciary Alliance LLC purchased a new position in shares of Above Food Ingredients during the third quarter worth approximately $44,000. 28.79% of the stock is owned by institutional investors and hedge funds.

About Above Food Ingredients

Above Food Ingredients Inc, a regenerative ingredient company, produces vertically integrated supply chain products in Canada, the United States, Mexico, China, France, Turkey, and internationally. It operates through two segments: Disruptive Agriculture and Rudimentary Ingredients, and Consumer Packaged Goods. The Disruptive Agriculture and Rudimentary Ingredients segment engages in the provisioning of discrete genetics, origination, purchasing, grading, processing, and sale of regeneratively grown grain; and origination, purchase, and sale of bespoke ingredients products.