Jollibee Foods (OTCMKTS:JBFCY) Trading Down 6% – Here’s Why

Jollibee Foods Co. (OTCMKTS:JBFCYGet Free Report)’s stock price dropped 6% on Thursday . The company traded as low as $17.45 and last traded at $17.45. Approximately 229 shares changed hands during trading, a decline of 61% from the average daily volume of 583 shares. The stock had previously closed at $18.57.

Jollibee Foods Trading Down 6.0 %

The company’s fifty day simple moving average is $17.75 and its 200-day simple moving average is $16.28.

About Jollibee Foods

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Jollibee Foods Corporation develops, operates, and franchises quick service restaurants. The company operates quick-service restaurants under the Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Yoshinoya, Milksha, and Panda Express names in the Philippines, the United States, Canada, the People's Republic of China, the United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, Australia, and India.

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