Corbion (OTCMKTS:CSNVY) Trading Down 1.8% – Here’s What Happened

Corbion (OTCMKTS:CSNVY)’s share price was down 1.8% during mid-day trading on Wednesday . The stock traded as low as $21.65 and last traded at $21.65. Approximately 100 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 725 shares. The stock had previously closed at $22.05.

Analyst Upgrades and Downgrades

Separately, Oddo Bhf lowered shares of Corbion to a “neutral” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Corbion currently has an average rating of “Hold”.

Corbion Stock Performance

The company has a 50 day moving average of $22.77 and a two-hundred day moving average of $22.55.

About Corbion

Corbion NV (OTCMKTS: CSNVY) is a global leader in sustainable food and biobased ingredients. Headquartered in Amsterdam, the company specializes in the development, production and sale of lactic acid and its derivatives, emulsifiers, enzymes and bio-preservation solutions. Corbion’s products are used to improve food quality and safety, extend shelf life, enhance nutritional value and support environmentally friendly materials.

The company’s core offerings include high-purity lactic acid, lactides for use in polylactic acid (PLA) bioplastics, and a range of specialty emulsifiers and enzymes for bakery, dairy, meat and plant-based applications.