Morgan Stanley cut shares of GRUMA (OTCMKTS:GPAGF) from an overweight rating to an equal weight rating in a report issued on Wednesday, The Fly reports.
GPAGF has been the subject of a number of other research reports. Citigroup lowered GRUMA from a buy rating to a neutral rating in a research report on Thursday, September 17th. Barclays raised GRUMA from an equal weight rating to an overweight rating in a research report on Monday, July 13th.
GPAGF opened at $11.18 on Wednesday. The stock has a 50-day moving average price of $11.64 and a 200-day moving average price of $10.68. GRUMA has a 1 year low of $7.32 and a 1 year high of $12.60.
Gruma, SAB. de C.V., through its subsidiaries, produces, sells, and exports corn flour, tortillas, and other related products. The company offers corn and wheat flour tortillas; tortilla chips; flatbreads, including pita, naan, chapati, pizza bases, and piadina; hearts of palm; rice; wraps, corn and potato chips, and hearts of palm; and breakfast cereals and polenta.
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