Midera Food Processing (NASDAQ:MFP) Stock Price Up 1.5% – Here’s What Happened

Midera Food Processing (NASDAQ:MFP)’s stock price traded up 1.5% on Friday. The stock traded as high as $41.76 and last traded at $40.97. Approximately 171,086 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 508,200 shares. The stock had previously closed at $40.38.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. KeyCorp assumed coverage on shares of Midera Food Processing in a report on Tuesday, August 25th. They set a “sector weight” rating on the stock. Robert W. Baird began coverage on shares of Midera Food Processing in a research report on Wednesday, July 8th. They set a “neutral” rating and a $40.00 price target on the stock. Wall Street Zen upgraded shares of Midera Food Processing to a “hold” rating in a research note on Saturday, August 1st. Oppenheimer started coverage on shares of Midera Food Processing in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Zacks Research upgraded shares of Midera Food Processing to a “hold” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Midera Food Processing has a consensus rating of “Hold” and an average price target of $45.00.

Midera Food Processing Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $44.44.

Insider Buying and Selling at Midera Food Processing

In other Midera Food Processing news, Director Robert Nerbonne bought 10,900 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of $45.05 per share, with a total value of $491,045.00. Following the acquisition, the director owned 32,371 shares of the company’s stock, valued at $1,458,313.55. The trade was a 50.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

About Midera Food Processing

Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.