Midera Food Processing (NASDAQ:MFP – Get Free Report) Director Robert Nerbonne acquired 10,900 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of $45.05 per share, with a total value of $491,045.00. Following the acquisition, the director directly owned 32,371 shares in the company, valued at $1,458,313.55. This represents a 50.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Midera Food Processing Stock Performance
Midera Food Processing stock opened at $50.71 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.84. Midera Food Processing has a 1 year low of $33.00 and a 1 year high of $51.62.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Robert W. Baird started coverage on Midera Food Processing in a report on Wednesday, July 8th. They issued a “neutral” rating and a $40.00 price target for the company. Zacks Research upgraded Midera Food Processing to a “hold” rating in a report on Thursday, July 16th. Oppenheimer assumed coverage on Midera Food Processing in a research report on Wednesday, July 15th. They set an “outperform” rating and a $50.00 target price for the company. Finally, Wall Street Zen upgraded Midera Food Processing to a “hold” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.00.
Midera Food Processing Company Profile
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.
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