Above Food Ingredients (NASDAQ:ABVE) Shares Down 4.1% – Time to Sell?

Above Food Ingredients Inc. (NASDAQ:ABVE)’s share price dropped 4.1% during mid-day trading on Friday . The stock traded as low as $2.22 and last traded at $2.34. Approximately 1,486,796 shares traded hands during trading, an increase of 5% from the average daily volume of 1,419,882 shares. The stock had previously closed at $2.44.

Above Food Ingredients Stock Down 4.1%

The firm has a fifty day moving average of $2.15 and a 200 day moving average of $2.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC purchased a new stake in Above Food Ingredients during the second quarter worth approximately $26,000. Fiduciary Alliance LLC purchased a new position in Above Food Ingredients in the third quarter valued at approximately $44,000. Pure Financial Advisors LLC raised its holdings in Above Food Ingredients by 56.4% during the second quarter. Pure Financial Advisors LLC now owns 26,712 shares of the company’s stock worth $30,000 after purchasing an additional 9,631 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Above Food Ingredients during the 3rd quarter worth approximately $88,000. Finally, Scotia Capital Inc. lifted its position in shares of Above Food Ingredients by 20.3% during the 2nd quarter. Scotia Capital Inc. now owns 59,938 shares of the company’s stock worth $67,000 after buying an additional 10,113 shares during the last quarter. Hedge funds and other institutional investors own 28.79% of the company’s stock.

Above Food Ingredients Company Profile

Above Food Ingredients Inc, a regenerative ingredient company, produces vertically integrated supply chain products in Canada, the United States, Mexico, China, France, Turkey, and internationally. It operates through two segments: Disruptive Agriculture and Rudimentary Ingredients, and Consumer Packaged Goods. The Disruptive Agriculture and Rudimentary Ingredients segment engages in the provisioning of discrete genetics, origination, purchasing, grading, processing, and sale of regeneratively grown grain; and origination, purchase, and sale of bespoke ingredients products.