Meiji (OTCMKTS:MEJHY) Raised to Hold at Zacks Research

Meiji (OTCMKTS:MEJHY) was upgraded by Zacks Research to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Meiji Stock Up 1.7%

Shares of MEJHY stock opened at $12.25 on Thursday. Meiji has a fifty-two week low of $9.12 and a fifty-two week high of $14.81. The stock’s fifty day moving average price is $12.24 and its two-hundred day moving average price is $11.04.

Meiji Company Profile

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.