SJM (OTCMKTS:SJMHF) Shares Gap Down – Should You Sell?

SJM Holdings Ltd. (OTCMKTS:SJMHFGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $0.3522, but opened at $0.3050. SJM shares last traded at $0.3050, with a volume of 10,000 shares changing hands.

Analyst Upgrades and Downgrades

Separately, CLSA raised shares of SJM from an “underperform” rating to a “hold” rating in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, SJM currently has a consensus rating of “Hold”.

Get Our Latest Report on SJM

SJM Price Performance

The business has a 50 day simple moving average of $0.34 and a 200 day simple moving average of $0.36.

About SJM

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The J. M. Smucker Company (OTCMKTS:SJMHF) is a U.S.-based manufacturer and marketer of branded food and beverage products. Its core offerings include fruit spreads, peanut butters, packaged coffees, and other shelf-stable foods sold under well-known brand names such as Smucker’s®, Jif®, and Folgers®. In addition to its food portfolio, Smucker maintains a significant presence in the pet food and pet treat category with brands like Milk-Bone®, Meow Mix®, and 9Lives®.

Founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, the company began as a local producer of apple butter.

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