Forafric Global (NASDAQ:AFRI) Shares Down 0.7% – Here’s What Happened

Forafric Global PLC (NASDAQ:AFRI) shares were down 0.7% during trading on Monday . The company traded as low as $10.11 and last traded at $10.11. Approximately 4,379 shares were traded during trading, a decline of 58% from the average daily volume of 10,311 shares. The stock had previously closed at $10.18.

Forafric Global Stock Performance

The stock has a 50-day simple moving average of $10.38 and a 200 day simple moving average of $10.83.

Institutional Investors Weigh In On Forafric Global

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Forafric Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 69,758 shares of the company’s stock worth $791,000 after buying an additional 4,361 shares during the last quarter. State Street Corp lifted its holdings in 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 last quarter. Finally, Barclays PLC lifted its holdings in 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 buying an additional 5,641 shares during the last quarter. Institutional investors and hedge funds 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.