Nestlé (OTCMKTS:NSRGF) Stock Price Down 0% – Here’s Why

Nestlé S.A. (OTCMKTS:NSRGF) shares traded down 0% during trading on Tuesday . The stock traded as low as $96.21 and last traded at $96.43. 7,432 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 19,954 shares. The stock had previously closed at $96.4319.

Nestlé Stock Down 0.0%

The company’s fifty day simple moving average is $94.40 and its 200 day simple moving average is $97.46.

Hedge Funds Weigh In On Nestlé

A hedge fund recently bought a new stake in Nestlé stock. Stonebridge Capital Management Inc. bought a new position in Nestlé S.A. (OTCMKTS:NSRGF) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the company’s stock, valued at approximately $202,000. Institutional investors and hedge funds own 27.22% of the company’s stock.

Nestlé Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.