Pasta maker’s stock drops on concerns
American Italian Pasta Co.’s stock price continued to fall Wednesday, a day after an analyst downgraded the stock on concerns over a lawsuit claiming company officials conspired to “cook the books” of the dry pasta manufacturer.
Shares of the Kansas City, Mo.-based company ended trading Wednesday down 20 cents, or 5.25 percent, at $3.61 on the New York Stock Exchange. That’s near the low-end of a 52-week range of $3.53 to $30.01.
On Tuesday, the share price dropped $2.63, or 41 percent.

