HelloFresh (OTCMKTS:HLFFF) Trading Down 15.3% – Time to Sell?

HelloFresh SE (OTCMKTS:HLFFF)’s stock price fell 15.3% on Tuesday . The stock traded as low as $6.13 and last traded at $6.13. 100 shares were traded during trading, a decline of 86% from the average session volume of 717 shares. The stock had previously closed at $7.24.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group raised shares of HelloFresh from a “neutral” rating to a “buy” rating in a research report on Thursday, October 9th. Morgan Stanley downgraded HelloFresh from an “overweight” rating to an “underweight” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

HelloFresh Stock Performance

The business has a 50-day moving average price of $6.76 and a 200 day moving average price of $8.41.

HelloFresh Company Profile

HelloFresh SE is a leading global meal kit company that specializes in delivering fresh, pre-portioned ingredients and chef-designed recipes directly to consumers’ doorsteps. Established in Berlin in 2011, HelloFresh has grown to become one of the largest meal kit providers worldwide by combining supply-chain efficiencies with a focus on high-quality ingredients. Subscribers choose from a rotating weekly menu featuring a variety of cuisines, dietary preferences and cooking skill levels, and receive step-by-step recipe cards to simplify meal preparation.

The company operates across North America, Europe and the Asia-Pacific region, with major markets including the United States, Canada, the United Kingdom, Germany, the Netherlands, Australia and New Zealand, among others.