JPMorgan Chase & Co. Upgrades Gruma (OTCMKTS:GPAGF) to “Overweight”

Gruma (OTCMKTS:GPAGF – Get Rating) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Friday, The Fly reports.

Gruma Stock Performance

Shares of OTCMKTS GPAGF opened at $15.50 on Friday. Gruma has a 1 year low of $9.04 and a 1 year high of $15.50. The company’s 50-day moving average is $14.24 and its 200 day moving average is $13.87.

About Gruma

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Gruma SAB de CV engages in the production and sale of corn flour, raw materials for producing tortillas, and other corn-based products. It operates through the following segments: Corn Flour & Packaged Tortilla (United States), Corn Flour (Mexico), Corn Flour & Packaged Tortilla & Other (Europe) and Other.