Shares of GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.33 and traded as low as $3.51. GrainCorp shares last traded at $3.51, with a volume of 4,092 shares.
Analyst Ratings Changes
Separately, Royal Bank Of Canada downgraded shares of GrainCorp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on GrainCorp
GrainCorp Stock Down 6.5%
GrainCorp Company Profile
GrainCorp Limited (OTCMKTS:GRCLF) is an Australian agribusiness and global provider of bulk storage, handling, processing and marketing services for grain and related commodities. The company’s integrated supply chain operations enable it to source grain directly from growers, manage inland storage and receival facilities across eastern Australia, and transport commodities to port terminals for domestic and international customers.
Within its core grain division, GrainCorp offers commodity marketing services, risk management solutions and logistics support for the movement of cereal grains such as wheat, barley and canola.
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