Nascent Food Service commented on the reason behind their stock’s recent decline. A broker dealer liquidated a large position in the Company’s securities, and consequently brought down the share prices.
The CEO of Nascent commented, “We feel that yesterday’s decline in the Nascent stock was the result of the unfortunate demise of a broker dealer that held a large position in Nascent Stock, and that it had nothing to do with events at Nascent Food Service. Nascent continues to move forward executing on our business plan and expanding the company’s reach throughout Mexico.”
The company was recently awarded at $4.00 price target by Beacon Equity Research. The analyst who completed the report believes Nascent is positioned to benefit on the growing demand because of its broad product portfolio, aggressive marketing, investments in distribution centers, exclusive distribution agreements, strategic acquisition plans and experienced management.
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