Metcash (OTCMKTS:MHTLY) Shares Up 4.7%

Metcash Limited (OTCMKTS:MHTLY)’s stock price shot up 4.7% on Friday . The stock traded as high as $12.03 and last traded at $12.03, 374 shares traded hands during trading. A decline of 26% from the average session volume of 508 shares. The stock had previously closed at $11.49.

Several research firms have weighed in on MHTLY. Goldman Sachs Group cut Metcash from a “conviction-buy” rating to a “neutral” rating in a research note on Monday, June 24th. Deutsche Bank boosted their price target on Ulta Beauty from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, June 3rd.

The business has a fifty day moving average of $11.65.

Metcash Company Profile (OTCMKTS:MHTLY)

Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food, Liquor, and Hardware segments. The Food segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Liquor segment engages in the distribution of liquor products to independent retail outlets and hotels.

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