Saputo (OTCMKTS:SAPIF) Share Price Passes Above 50-Day Moving Average – Here’s Why
by Tristan Rich · The Markets DailySaputo Inc. (OTCMKTS:SAPIF – Get Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $27.41 and traded as high as $29.95. Saputo shares last traded at $29.95, with a volume of 3,955 shares.
Analyst Ratings Changes
Several brokerages have recently commented on SAPIF. Scotiabank restated an “outperform” rating on shares of Saputo in a research note on Monday, November 10th. TD Securities reissued a “buy” rating on shares of Saputo in a report on Friday, November 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saputo in a research note on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Saputo presently has an average rating of “Moderate Buy”.
View Our Latest Research Report on Saputo
Saputo Price Performance
The firm’s 50-day simple moving average is $27.53 and its two-hundred day simple moving average is $24.33.
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.