The stock is trading at $13.47 slightly below the 50 day moving average which is $14.36 and just a bit higher than the 200 day moving average of $13.16. The 50 day moving average went down by -6.19% and the 200 day average was up $0.31. Trading volume for BRF S.A. was 837K in the last trading session. Volume was down 50.31% under the stocks average daily volume.
Investors are a little more bearish on shares of BRF S.A. if you pay attention to the increase in short interest. The firm had a rise in short interest of 19.92% as of October 13, 2017 from the last reporting period. Short shares grew from 7,854,951 to 9,419,271 over that timeframe. Days to cover decreased from 7.0 to 6.0 and the percentage of shorted shares was 0.01% on October 13.
A few notable investment firms have updated their holdings. Capital One, National Association added to its ownership by buying 6,584 shares an increase of 39.9%. Capital One, National Association now controls 23,101 shares with a value of $333,000. The value of the position overall is up by 70.8%. Huntington National Bank expanded its holdings by buying 176 shares an increase of 32.5% as of 09/30/2017. Huntington National Bank now holds 718 shares worth $10,000. The total value of its holdings increased 66.7%.
Insight 2811, Inc. augmented its position by buying 522 shares an increase of 4.2% in the quarter. Insight 2811, Inc. controls 13,077 shares valued at $188,000. The value of the position overall is up by 27.0%. Aperio Group, LLC trimmed its stake by selling 5,427 shares a decrease of 5.3% from 06/30/2017 to 09/30/2017. Aperio Group, LLC claims 97,585 shares valued at $1,406,000. The total value of its holdings increased 15.7%.
On September 14, 2017 the stock rating was changed to “Overweight” in a report from JP Morgan up from the previous “Overweight” rating.
As of the latest earnings report the EPS was $-0.34 and is expected to be $-0.05 for the current year with 799,005,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.11 with next year’s EPS projected to be $0.63.
BRF S.A. (BRF), launched on August 18, 1934, is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Business’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales. The poultry operations include the production and sale of whole poultry and in-natura cuts. The pork and other operations involve the production and sale of in-natura cuts. The processed operations include the production and sale of processed foods, frozen and processed products derived from poultry, pork and beef, margarine, vegetable and soybean-based products. The other sales operations include the commercialization of flour for food service and others. Other segments include sale of in-natura beef cuts, agricultural products and animal feed..