Shares of PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $19.1880, but opened at $18.00. PT Indofood Sukses Makmur Tbk shares last traded at $18.12, with a volume of 6,258 shares traded.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, PT Indofood Sukses Makmur Tbk presently has a consensus rating of “Hold”.
Read Our Latest Report on PIFMY
PT Indofood Sukses Makmur Tbk Trading Down 2.3%
PT Indofood Sukses Makmur Tbk Company Profile
PT Indofood Sukses Makmur Tbk is an Indonesia-based integrated food company with activities spanning consumer branded products, flour milling, agribusiness, and distribution. The company serves consumers through a broad portfolio of food and beverage products and has developed an integrated supply chain that extends from agricultural production and processing to manufacturing and distribution.
Through its consumer branded products business, Indofood offers instant noodles, dairy products, snack foods, food seasonings, nutrition products, and beverages.
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