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MGP Ingredients Inc (NASDAQ:MGPI) has been downgraded to Hold in a statement by BidaskClub earlier today.

Boasting a price of $50.50, MGP Ingredients Inc (NASDAQ:MGPI) traded 1.15% higher on the day. With the last stock price close down 15.34% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. MGP Ingredients Inc has recorded a 50-day average of $55.06 and a two hundred day average of $51.30. Volume of trade was down over the average, with 91,287 shares of MGPI changing hands under the typical 112,066

BidaskClub has downgraded MGP Ingredients Inc (NASDAQ:MGPI) to Hold in a statement released on 07/08/2017.

Performance Chart

MGP Ingredients Inc (NASDAQ:MGPI)

With a total market value of $0, MGP Ingredients Inc has price-earnings ratio of 30.90 with a one year low of $31.93 and a one year high of $60.62 .

A total of 2 equity analysts have released a ratings update on MGPI. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $46.00.

General Company Details For MGP Ingredients Inc (NASDAQ:MGPI)

MGP Ingredients, Inc. is a producer and supplier of distilled spirits, and specialty wheat protein and starch food ingredients. The Company's distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company's segments include distillery products and ingredient solutions. The distillery products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. The ingredient solutions segment consists of specialty starches and proteins, commodity starches and commodity proteins. The distillery products segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. It is also a producer of industrial alcohol for use in both food and non-food applications. The Company's distillery products are derived from corn and other grains (including rye, barley, wheat, barley malt and milo), and its ingredient products are derived from wheat flour.

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