Key Points
- Director Robert Nerbonne purchased 10,900 Midera Food Processing shares at an average price of $45.05, investing $491,045 and increasing his direct ownership by 50.77% to 32,371 shares.
- MFP opened at $45.71, with a 52-week range of $33.00 to $49.86. The company reported a current ratio of 1.84, quick ratio of 1.15, and debt-to-equity ratio of 0.32.
- Analysts have a consensus “Hold” rating and a $45.00 price target, with individual targets ranging from $40.00 to $50.00.
Midera Food Processing (NASDAQ:MFP - Get Free Report) Director Robert Nerbonne bought 10,900 shares of the firm's stock in a transaction on Monday, August 17th. The stock was purchased at an average cost of $45.05 per share, with a total value of $491,045.00. Following the completion of the transaction, the director directly owned 32,371 shares of the company's stock, valued at approximately $1,458,313.55. The trade was a 50.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Midera Food Processing Stock Performance
NASDAQ MFP opened at $45.71 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. Midera Food Processing has a 52 week low of $33.00 and a 52 week high of $49.86.
Analysts Set New Price Targets
Several research firms recently commented on MFP. Robert W. Baird initiated coverage on shares of Midera Food Processing in a report on Wednesday, July 8th. They issued a "neutral" rating and a $40.00 price objective for the company. Wall Street Zen upgraded Midera Food Processing to a "hold" rating in a research report on Saturday, August 1st. Zacks Research upgraded Midera Food Processing to a "hold" rating in a research note on Thursday, July 16th. Finally, Oppenheimer initiated coverage on Midera Food Processing in a report on Wednesday, July 15th. They set an "outperform" rating and a $50.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Midera Food Processing currently has an average rating of "Hold" and a consensus price target of $45.00.
Read Our Latest Analysis on MFP
About Midera Food Processing
(
Get Free Report)
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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