HelloFresh (OTCMKTS:HLFFF) Stock Price Down 7.1% – What’s Next?

Shares of HelloFresh SE (OTCMKTS:HLFFF) fell 7.1% during mid-day trading on Tuesday . The company traded as low as $5.60 and last traded at $5.60. 1,040 shares traded hands during trading, an increase of 49% from the average session volume of 697 shares. The stock had previously closed at $6.0250.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded HelloFresh from an “overweight” rating to an “underweight” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

HelloFresh Price Performance

The firm’s 50 day simple moving average is $6.69 and its 200-day simple moving average is $7.63.

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.