Saputo Inc. (OTCMKTS:SAPIF – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.24 and traded as low as $29.17. Saputo shares last traded at $29.17, with a volume of 1,529 shares.
Analyst Ratings Changes
Separately, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Saputo in a research report on Monday, June 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on SAPIF
Saputo Trading Down 0.5%
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.
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