HelloFresh (OTCMKTS:HLFFF) Trading Up 3.8% – Still a Buy?

HelloFresh SE (OTCMKTS:HLFFF) was up 3.8% during trading on Monday . The company traded as high as $3.00 and last traded at $3.00. 712 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 2,612 shares. The stock had previously closed at $2.89.

Analyst Ratings Changes

Separately, Barclays lowered shares of HelloFresh from an “equal weight” rating to an “underweight” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

HelloFresh Stock Performance

The stock has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $4.35.

About HelloFresh

HelloFresh SE is a leading global meal kit company that specializes in delivering fresh, pre-portioned ingredients and chef-designed recipes directly to consumers’ doorsteps. Established in Berlin in 2011, HelloFresh has grown to become one of the largest meal kit providers worldwide by combining supply-chain efficiencies with a focus on high-quality ingredients. Subscribers choose from a rotating weekly menu featuring a variety of cuisines, dietary preferences and cooking skill levels, and receive step-by-step recipe cards to simplify meal preparation.

The company operates across North America, Europe and the Asia-Pacific region, with major markets including the United States, Canada, the United Kingdom, Germany, the Netherlands, Australia and New Zealand, among others.