Saputo (OTCMKTS:SAPIF) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Saputo Inc. (OTCMKTS:SAPIF)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.02 and traded as high as $28.48. Saputo shares last traded at $28.48, with a volume of 133,381 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SAPIF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Saputo in a report on Friday, October 31st. Scotiabank reiterated an “outperform” rating on shares of Saputo in a research note on Monday, November 10th. Finally, TD Securities restated a “buy” rating on shares of Saputo in a research report on Friday, November 28th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Saputo presently has an average rating of “Moderate Buy”.

Saputo Price Performance

The stock’s 50 day simple moving average is $28.02 and its two-hundred day simple moving average is $24.68.

About Saputo

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.