PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) Shares Down 1.7% – Here’s Why

PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY) fell 1.7% during trading on Monday . The stock traded as low as $22.00 and last traded at $22.00. 630 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 809 shares. The stock had previously closed at $22.38.

PT Indofood Sukses Makmur Tbk Price Performance

The company’s fifty day moving average price is $23.29 and its 200 day moving average price is $23.58.

PT Indofood Sukses Makmur Tbk Company Profile

PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally. It operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments. It offers noodles; ultra-high temperature (UHT), sterilized bottled, evaporated, pasteurized liquid, UHT multi-cereal, and powdered milk; milk-flavored and cereal powdered drinks, sweetened condensed creamer, ice cream, and butter; potato, cassava, soybean, corn, and various extruded snacks; recipe mixes, soy and chili sauce, tomato sauce, and stock soup; baby cereals; rice puffs, crunchies, biscuits, puddings, noodle soup, and pasta; cereal snacks for children; and ready-to-drink tea, packaged water, and fruit-flavored drinks.