Kandal M Venture (NASDAQ:FMFC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Kandal M Venture Limited (NASDAQ:FMFC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.39 and traded as low as $0.2310. Kandal M Venture shares last traded at $0.2551, with a volume of 221,188 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kandal M Venture in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Kandal M Venture currently has an average rating of “Sell”.

Kandal M Venture Stock Performance

The company has a current ratio of 4.46, a quick ratio of 3.50 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $0.38 and a 200 day simple moving average of $0.39.

Kandal M Venture (NASDAQ:FMFC) last issued its earnings results on Monday, March 23rd. The bank reported $0.00 EPS for the quarter. The firm had revenue of $3.95 million during the quarter.

Hedge Funds Weigh In On Kandal M Venture

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Kandal M Venture in the third quarter worth $905,000. BNP Paribas Financial Markets acquired a new stake in shares of Kandal M Venture during the third quarter worth $454,000. Finally, Millennium Management LLC acquired a new stake in shares of Kandal M Venture during the third quarter worth $250,000.

Kandal M Venture Company Profile

First M&F Corporation is a one-bank holding company. The Company engages in the banking business through its wholly owned subsidiary, Merchants and Farmers Bank of Kosciusko (the Bank) in the states of Mississippi, Tennessee, Alabama and Florida. The Bank offers a range of commercial and consumer services at its main office and two branches in Kosciusko and its branches within central and north Mississippi, including Ackerman, Brandon, Bruce, Canton, Cleveland, Clinton, Durant, Flowood, Grenada, Madison, Olive Branch, Oxford, Pearl, Philadelphia, Ridgeland, Southaven, Starkville, and Tupelo.