P/F Bakkafrost (OTCMKTS:BKFKF) Stock Price Down 9.8% – Time to Sell?

P/F Bakkafrost (OTCMKTS:BKFKF)’s stock price was down 9.8% on Wednesday . The stock traded as low as $44.50 and last traded at $44.50. Approximately 126 shares traded hands during trading, a decline of 28% from the average daily volume of 175 shares. The stock had previously closed at $49.36.

P/F Bakkafrost Price Performance

The business has a 50 day moving average of $47.92 and a 200 day moving average of $46.47.

P/F Bakkafrost Company Profile

P/F Bakkafrost is a vertically integrated aquaculture company headquartered in Glyvrar in the Faroe Islands. It specializes in the production, processing and sale of Atlantic salmon, leveraging a fully integrated value chain that encompasses broodstock and smolt production, fish farming, feed production and on-site processing. The company is recognized for its focus on high-quality, organic-certified salmon and stringent biosecurity and animal welfare standards.

The group operates freshwater facilities for smolt rearing and a network of sea sites in sheltered fjords and coastal areas of the Faroe Islands, where ocean currents and water quality offer ideal conditions for salmon farming.