HelloFresh (OTCMKTS:HLFFF) Stock Price Down 1.1% – Here’s What Happened

HelloFresh SE (OTCMKTS:HLFFF)’s stock price dropped 1.1% during trading on Monday . The stock traded as low as $6.80 and last traded at $6.8050. Approximately 1,017 shares traded hands during trading, a decline of 88% from the average daily volume of 8,830 shares. The stock had previously closed at $6.88.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group upgraded HelloFresh from a “neutral” rating to a “buy” rating in a report on Thursday, October 9th. Morgan Stanley downgraded HelloFresh from an “overweight” rating to an “underweight” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

HelloFresh Price Performance

The business’s 50-day moving average price is $7.27 and its 200 day moving average price is $8.79.

About HelloFresh

HelloFresh SE is a leading global meal kit company that specializes in delivering fresh, pre-portioned ingredients and chef-designed recipes directly to consumers’ doorsteps. Established in Berlin in 2011, HelloFresh has grown to become one of the largest meal kit providers worldwide by combining supply-chain efficiencies with a focus on high-quality ingredients. Subscribers choose from a rotating weekly menu featuring a variety of cuisines, dietary preferences and cooking skill levels, and receive step-by-step recipe cards to simplify meal preparation.

The company operates across North America, Europe and the Asia-Pacific region, with major markets including the United States, Canada, the United Kingdom, Germany, the Netherlands, Australia and New Zealand, among others.