Gruma (OTCMKTS:GPAGF) Shares Down 9.8% – Should You Sell?

by · The Cerbat Gem

Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Get Free Report)’s stock price was down 9.8% on Wednesday . The company traded as low as $18.5950 and last traded at $18.5950. Approximately 4,000 shares traded hands during mid-day trading, an increase of 592% from the average daily volume of 578 shares. The stock had previously closed at $20.62.

Analyst Upgrades and Downgrades

Separately, Barclays cut shares of Gruma from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Check Out Our Latest Stock Report on GPAGF

Gruma Stock Performance

The firm’s fifty day moving average price is $15.95 and its two-hundred day moving average price is $17.00.

Gruma Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, October 10th were given a $1.44 dividend. The ex-dividend date was Thursday, October 9th. This represents a dividend yield of 184.0%.

About Gruma

(Get Free Report)

Gruma, SAB. de C.V., together with its subsidiaries, produces and sells corn flour, tortillas, and other related products. The company offers corn flour, snacks and/or cereal, beer grits, and polenta; prepared corn or wheat flours for pancakes, cakes, crêpes, brownies, churros, pizza dough, cachapas, sweet arepitas, etc.; corn and wheat tortillas; tortilla chips, taco shells, and tostadas; flatbreads, including wraps, pita bread, naan, chapatti, pizza doughs, piadina, breakfast breads, and crackers; sauces/dips; palmito; pasta; marinades; and rice and oats.

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