Midera Food Processing (NASDAQ:MFP) Director Buys $491,045.00 in Stock

Midera Food Processing (NASDAQ:MFP) Director Robert Nerbonne purchased 10,900 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $45.05 per share, for a total transaction of $491,045.00. Following the purchase, the director owned 32,371 shares of the company’s stock, valued at approximately $1,458,313.55. This trade represents a 50.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Midera Food Processing Price Performance

Shares of MFP stock traded up $2.80 on Wednesday, hitting $45.71. The stock had a trading volume of 1,097,493 shares, compared to its average volume of 1,125,161. Midera Food Processing has a one year low of $33.00 and a one year high of $49.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.84.

Wall Street Analysts Forecast Growth

MFP has been the subject of several recent research reports. Robert W. Baird started coverage on shares of Midera Food Processing in a report on Wednesday, July 8th. They issued a “neutral” rating and a $40.00 price target for the company. Oppenheimer initiated coverage on shares of Midera Food Processing in a research note on Wednesday, July 15th. They set an “outperform” rating and a $50.00 price objective on the stock. Zacks Research raised shares of Midera Food Processing to a “hold” rating in a report on Thursday, July 16th. Finally, Wall Street Zen raised shares of Midera Food Processing to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.00.

Midera Food Processing Company Profile

Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.