Meiji (OTCMKTS:MEJHY) Stock Price Down 3.6% – Here’s Why

Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY – Get Free Report)’s stock price was down 3.6% during trading on Thursday. The company traded as low as $13.50 and last traded at $13.50. 617 shares were traded during trading, an increase of 665% from the average session volume of 81 shares. The stock had previously closed at $14.00.

Meiji Price Performance

The stock’s 50 day simple moving average is $13.97 and its two-hundred day simple moving average is $12.46.

Meiji Company Profile

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Meiji Holdings Co, Ltd. is a Japanese company whose businesses are organized primarily around food and pharmaceuticals. Through its operating companies, the Meiji Group develops, manufactures and sells a broad range of consumer products, including confectionery, dairy products, nutritional foods, infant formula and sports nutrition products.

The company’s pharmaceutical operations include prescription medicines, generic drugs, vaccines and other healthcare products. Meiji Seika Pharma also conducts research and development in areas such as infectious diseases and provides products for markets in Japan and selected international markets.

Meiji traces its corporate history to the early 20th century and was established in its current holding-company structure in 2009 through the integration of Meiji Dairies and Meiji Seika Kaisha.

Further Reading

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