Ülker Bisküvi Sanayi AS (OTCMKTS:UELKY) Share price down 7.7%

Ülker Bisküvi Sanayi AS (OTCMKTS:UELKY – Get Rating) stock price fell 7.7% in midday trading on Monday. The company traded as low as $8.10 and last traded at $8.18. 1,600 shares changed hands during the midday session, a 5% increase from the average trading volume of 1,523 shares. The stock had previously closed at $8.87.

Separately, JPMorgan Chase & Co. lowered its price target on Ülker Bisküvi Sanayi AS from 25.70 to 25.20 and set a “neutral” rating on the stock in a Friday, May 27 research report.

The company has a 50-day simple moving average of $9.87 and a two-hundred-day simple moving average of $11.42.

Company Profile Ülker Bisküvi Sanayi AS (OTCMKTS:UELKY)

Ülker Bisküvi Sanayi AS, together with its subsidiaries, is engaged in the manufacture, marketing and sale of cookies, chocolates, chocolate covered cookies, cakes, wafers and crackers in Turkey and abroad. The company also produces chocolate paste, cocoa powder, chocolate chips, chocolate flakes, couverture chocolate, flour, hazelnut and hazelnut puree.

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