Saputo (OTCMKTS:SAPIF) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Saputo Inc. (OTCMKTS:SAPIF) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $29.83 and traded as high as $31.67. Saputo shares last traded at $30.5645, with a volume of 12,678 shares changing hands.

Wall Street Analyst Weigh In

SAPIF has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Saputo in a research note on Monday, February 2nd. BMO Capital Markets reissued a “market perform” rating on shares of Saputo in a research report on Monday. TD Securities reissued a “buy” rating on shares of Saputo in a research report on Monday. Finally, Scotiabank reiterated an “outperform” rating on shares of Saputo in a research note on Monday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Saputo has an average rating of “Moderate Buy”.

Saputo Trading Down 2.9%

The company has a 50-day moving average price of $29.83 and a two-hundred day moving average price of $26.39.

Saputo Company Profile

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.