Shares of WESFARMERS LTD/ADR (OTCMKTS:WFAFY) rose 1.5% during mid-day trading on Friday . The stock traded as high as $13.18 and last traded at $13.38, approximately 9,239 shares traded hands during mid-day trading. A decline of 71% from the average daily volume of 31,799 shares. The stock had previously closed at $13.18.
WFAFY has been the topic of several recent research reports. Goldman Sachs Group cut WESFARMERS LTD/ADR from a “neutral” rating to a “sell” rating in a research report on Thursday, June 13th. Deutsche Bank cut WESFARMERS LTD/ADR from a “hold” rating to a “sell” rating in a research report on Friday, June 14th.
The company has a 50 day moving average price of $13.24 and a 200 day moving average price of $12.62.
Wesfarmers Limited engages in the retail, coal mining and production, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacturing, and investment businesses in Australia, New Zealand, the United Kingdom, and internationally. The company operates 809 Coles supermarkets; 899 liquor stores under the Liquorland, Vintage Cellars, and First Choice Liquor brands; 88 hotels; 711 convenience outlets; and an online supermarket.
Read More: Initial Public Offering (IPO)
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