HelloFresh (OTCMKTS:HLFFF) Stock Price Down 1.5% – Here’s What Happened

HelloFresh SE (OTCMKTS:HLFFF)’s share price was down 1.5% on Thursday . The company traded as low as $4.20 and last traded at $4.20. Approximately 4,000 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 2,444 shares. The stock had previously closed at $4.2652.

Analysts Set New Price Targets

Separately, UBS Group lowered HelloFresh from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

HelloFresh Price Performance

The company’s fifty day moving average is $4.66 and its 200 day moving average is $5.33.

About HelloFresh

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.