Nomad Foods Ltd (NYSE:NOMD) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 565,473 shares, a decline of 40.8% from the April 30th total of 954,918 shares. Based on an average daily trading volume, of 1,591,856 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.
A number of research firms recently commented on NOMD. ValuEngine lowered shares of Nomad Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. Zacks Investment Research lowered shares of Nomad Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 16th.
Shares of NYSE NOMD traded up $0.41 during mid-day trading on Friday, reaching $19.31. 1,806,247 shares of the company traded hands, compared to its average volume of 993,688. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.30 and a quick ratio of 0.90. The firm has a market capitalization of $3.29 billion, a PE ratio of 17.09 and a beta of 0.78. Nomad Foods has a fifty-two week low of $13.54 and a fifty-two week high of $19.31.
Institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. acquired a new position in Nomad Foods in the fourth quarter worth approximately $112,000. First Mercantile Trust Co. purchased a new position in Nomad Foods during the 1st quarter worth approximately $119,000. SG Americas Securities LLC purchased a new position in Nomad Foods during the 1st quarter worth approximately $161,000. ETRADE Capital Management LLC purchased a new position in Nomad Foods during the 1st quarter worth approximately $168,000. Finally, Claraphi Advisory Network LLC purchased a new position in Nomad Foods during the 4th quarter worth approximately $171,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.
Nomad Foods Company Profile
Nomad Foods Limited manufactures and distributes frozen foods in Western Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers. It also provides meals products that include ready to cook noodles, pasta, lasagne, pancakes, and other ready-made meals; and other products, such as soups, pizzas, and bakery goods.
Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.