Calbee (OTCMKTS:CLBEY) Trading 4.8% Higher – Still a Buy?

Shares of Calbee, Inc. (OTCMKTS:CLBEY) traded up 4.8% during mid-day trading on Tuesday . The stock traded as high as C$5.06 and last traded at C$5.06. 168 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,440 shares. The stock had previously closed at C$4.83.

Calbee Stock Performance

The company has a 50-day simple moving average of C$4.81 and a 200-day simple moving average of C$4.70.

Calbee Company Profile

Calbee, Inc, traded over the counter in the U.S. under the symbol CLBEY, is a leading Japanese snack food manufacturer specializing in potato-based and vegetable-based snacks. Headquartered in Tokyo, the company develops, produces and markets a broad range of packaged snack products that leverage local ingredients and innovative manufacturing techniques to deliver unique taste experiences. Calbee’s business model encompasses in-house research and development, quality control systems, and an integrated supply chain that spans from raw agricultural sourcing to finished goods distribution.

The company’s product portfolio includes potato chips, sticks and crisps, as well as corn-based and cereal-based snacks.