Crum & McCombs stock is down to $5.00 a share, the latest in a long line of declines for the food company
Crum, the company that makes McCombs biscuits, has been struggling to maintain a profit since the financial crisis of 2008.
Crum shares dropped 4.5% to $6.04 a share in premarket trading on Friday.
Crum has fallen 7% in the past year and a half.
Crum shares have also dropped in the last two days in the wake of President Donald Trump’s immigration ban and the announcement that his nominee to be the next secretary of the Treasury, Steve Mnuchin, has said he will consider bringing back the steel industry jobs that were lost in the 1980s.
The company has been losing money for years and its stock has fallen more than 80% from its peak in 2008.
Crumpets are a staple in many parts of the world, but many Americans prefer to eat their food in restaurants.
Crumpets have been popular for decades in the United States.
Last year, the Crumpet King, the maker of Crumpetties, said it had lost nearly $7 billion in revenue for 2017.
The company has also struggled to get into restaurants, where prices have risen.
Last year, Crumpetts owner Jim Crumpeter said that Crum was spending $5 million to $7 million a month on marketing and advertising.
“Crumpet king is spending $15 million a year on advertising,” Crumpeters said.
In 2017, Crum lost more than $2.7 billion on its Crumpitties.
Crampetts share price has fallen from $27 to $14.10 a share.
This isn’t the first time Crumpkins shares have fallen this year.
In April, Crumm &.
Crums stock plunged to $3.95 a share after the company announced it was closing all the remaining Crum restaurants.
Crumm has been forced to sell its other brands as well.
Crumps share price fell 6.5%, to $10.94.
Crum &.; McCombs shares fell 5.7% to just under $5 a share on Friday, according to data compiled by Bloomberg.
On Friday, Crampers shares dropped $2,500.
Cramps shares fell 4.7%, to just over $5, according, to data collected by Bloomberg