Magnum Ice Cream (NYSE:MICC) Shares Gap Down – Should You Sell?

The Magnum Ice Cream Company N.V. (NYSE:MICC) gapped down prior to trading on Monday . The stock had previously closed at $16.65, but opened at $16.00. Magnum Ice Cream shares last traded at $15.94, with a volume of 176,993 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Oddo Bhf began coverage on shares of Magnum Ice Cream in a report on Thursday, January 15th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Magnum Ice Cream Stock Down 2.0%

Institutional Trading of Magnum Ice Cream

Large investors have recently modified their holdings of the company. BNP Paribas acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. bought a new stake in Magnum Ice Cream during the 4th quarter valued at approximately $28,000. Bartlett & CO. Wealth Management LLC bought a new stake in Magnum Ice Cream during the 4th quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in Magnum Ice Cream in the 4th quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC bought a new position in Magnum Ice Cream in the 4th quarter worth approximately $33,000.

Magnum Ice Cream Company Profile

The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.