Meiji (OTCMKTS:MEJHY) Shares Down 7.4% – Here’s Why

Shares of Meiji Holdings Co., Ltd. (OTCMKTS:MEJHYGet Free Report) fell 7.4% on Monday . The stock traded as low as $10.87 and last traded at $10.87. 164 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,239 shares. The stock had previously closed at $11.7380.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Meiji to a “hold” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Stock Report on Meiji

Meiji Price Performance

The firm’s fifty day moving average is $11.88 and its two-hundred day moving average is $11.49.

About Meiji

(Get Free Report)

Meiji (OTCMKTS:MEJHY) is the American depositary receipt that represents shares of Meiji Holdings Co, Ltd., a Tokyo-based diversified food and pharmaceutical company. Through its two main subsidiaries, Meiji Co, Ltd. and Meiji Seika Pharma Co, Ltd., the company engages in the development, production and sale of a wide range of food and health care products.

In its food business, Meiji offers dairy products such as milk, yogurt, cheese and infant formula under the Meiji brand. The company is also known for its confectionery line, which includes chocolate, candy, gum and biscuits, marketed both domestically in Japan and across Asia.

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