Meiji (OTCMKTS:MEJHY) Trading 0.1% Higher – Still a Buy?

Meiji Holdings Co., Ltd. (OTCMKTS:MEJHYGet Free Report) traded up 0.1% during mid-day trading on Monday . The stock traded as high as $11.7275 and last traded at $11.21. 2,167 shares changed hands during trading, an increase of 87% from the average daily volume of 1,161 shares. The stock had previously closed at $11.20.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Meiji to a “hold” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Report on Meiji

Meiji Stock Performance

The firm’s 50-day simple moving average is $11.64 and its two-hundred day simple moving average is $11.61.

Meiji Company Profile

(Get Free Report)

Meiji (OTCMKTS:MEJHY) is the American depositary receipt that represents shares of Meiji Holdings Co, Ltd., a Tokyo-based diversified food and pharmaceutical company. Through its two main subsidiaries, Meiji Co, Ltd. and Meiji Seika Pharma Co, Ltd., the company engages in the development, production and sale of a wide range of food and health care products.

In its food business, Meiji offers dairy products such as milk, yogurt, cheese and infant formula under the Meiji brand. The company is also known for its confectionery line, which includes chocolate, candy, gum and biscuits, marketed both domestically in Japan and across Asia.

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