A Reversal for iFresh Inc. (IFMK) Is Not Near. The Stock Rises Again

March 22, 2018 - By Dolores Ford

The stock of iFresh Inc. (NASDAQ:IFMK) is a huge mover today! The stock increased 21.70% or $1.31 during the last trading session, reaching $7.32. About 129,563 shares traded or 355.55% up from the average. iFresh Inc. (NASDAQ:IFMK) has 0.00% since March 22, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 5 months positive chart setup for the $104.09M company. It was reported on Mar, 22 by Barchart.com. We have $7.69 PT which if reached, will make NASDAQ:IFMK worth $5.20 million more.

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States. The company has market cap of $104.09 million. The company's chains provide vegetables, seafood, fruits, meat, snacks, seasonings, and other products. It currently has negative earnings. It also distributes rice and rice products, and seasonings and spices, as well as assortment of noodles, frozen vegetables, frozen dumplings, and frozen seafood under the Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, Shuangdeng/Double Lantern, SeaStar, Huang Duan Xiang 1987, and I FRESH brands.

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