Shares of The a2 Milk Company Limited (OTCMKTS:ACOPF – Get Free Report) dropped 6.4% on Tuesday. The stock traded as low as $4.50 and last traded at $4.50. Approximately 3,739 shares changed hands during trading, an increase of 103% from the average daily volume of 1,838 shares. The stock had previously closed at $4.81.
Analyst Ratings Changes
Separately, The Goldman Sachs Group initiated coverage on a2 Milk in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $7.90 price objective on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $7.90.
Get Our Latest Analysis on ACOPF
a2 Milk Price Performance
a2 Milk Company Profile
a2 Milk Company is a producer and marketer of branded dairy and nutritional products, distinguished by its focus on milk containing only the A2 type of beta‐casein protein. Headquartered in Auckland, New Zealand, the company markets a portfolio that includes fresh milk, milk powders, infant formula, cream and butter under the “a2” brand. Its product formulas are designed to cater to consumers who seek alternatives to conventional milk proteins, with research suggesting potential digestive benefits associated with A2 protein consumption.
Since its founding in 2000 by Dr.
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