Corbion (OTCMKTS:CSNVY – Get Free Report) was up 6.9% during mid-day trading on Tuesday. The stock traded as high as $28.39 and last traded at $27.80. Approximately 3,023 shares traded hands during trading, an increase of 309% from the average session volume of 739 shares. The stock had previously closed at $26.00.
Wall Street Analyst Weigh In
Separately, Oddo Bhf lowered shares of Corbion to a “neutral” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, Corbion currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Corbion
Corbion Stock Up 6.9%
The business’s fifty day simple moving average is $24.44 and its 200 day simple moving average is $23.10.
About Corbion
Corbion N.V. is a Netherlands-based ingredients and biochemicals company serving food, pharmaceutical, and industrial markets worldwide. The company develops products based primarily on lactic acid, lactic acid derivatives, and other fermentation technologies, with applications in food preservation, texture improvement, and sustainable materials.
Corbion’s food-related offerings include preservatives, emulsifiers, dough conditioners, functional blends, and other ingredients used in bakery products, meat and plant-based foods, dairy, confectionery, and other prepared foods.
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