Midera Food Processing (MFP) – What Are Researchers Saying About This Stock?

Midera Food Processing (NASDAQ:MFP) has been assigned an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $45.00.

A number of equities analysts have issued reports on the company. Zacks Research raised Midera Food Processing to a “hold” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded Midera Food Processing to a “hold” rating in a research report on Saturday, August 1st. Robert W. Baird assumed coverage on Midera Food Processing in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $40.00 price objective on the stock. Oppenheimer initiated coverage on Midera Food Processing in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 price objective on the stock. Finally, William Blair initiated coverage on Midera Food Processing in a report on Tuesday. They issued an “outperform” rating for the company.

Insider Transactions at Midera Food Processing

In other news, Director Robert Nerbonne bought 10,900 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of $45.05 per share, with a total value of $491,045.00. Following the completion of the acquisition, the director directly owned 32,371 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Midera Food Processing

An institutional investor recently bought a new position in Midera Food Processing stock. State of Alaska Department of Revenue acquired a new stake in shares of Midera Food Processing (NASDAQ:MFP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,989 shares of the company’s stock, valued at approximately $285,000.

Midera Food Processing Price Performance

Shares of NASDAQ:MFP opened at $40.04 on Tuesday. Midera Food Processing has a 12 month low of $33.00 and a 12 month high of $52.58. The business’s 50 day moving average price is $43.65. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

About Midera Food Processing

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.