OCI (OTCMKTS:OCINF – Get Free Report) shares were down 3.9% during mid-day trading on Monday. The stock traded as low as $4.61 and last traded at $4.66. Approximately 1,000 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 2,191 shares. The stock had previously closed at $4.85.
Analysts Set New Price Targets
Separately, HSBC downgraded shares of OCI to a “hold” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, OCI presently has a consensus rating of “Hold”.
Read Our Latest Report on OCINF
OCI Price Performance
The stock has a fifty day simple moving average of $4.84 and a 200 day simple moving average of $4.56.
About OCI
OCI N.V. is a global producer of nitrogen-based fertilizers, methanol and other chemicals. The company’s products include ammonia, urea, nitrates, methanol and melamine, which are used in agriculture, industrial manufacturing, construction and consumer products. OCI has also developed lower-carbon and renewable-fuels initiatives related to ammonia and methanol.
Headquartered in the Netherlands, OCI has historically operated production facilities and commercial activities across Europe, North America, the Middle East and North Africa.
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