Saputo (OTCMKTS:SAPIF) Shares Pass Below 200 Day Moving Average of $22.15

Saputo Inc. (OTCMKTS:SAPIF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.15 and traded as low as $19.71. Saputo shares last traded at $19.71, with a volume of 1,000 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. National Bank Financial dropped their price objective on shares of Saputo from C$37.00 to C$36.00 in a research note on Monday, August 14th. Scotiabank increased their price objective on shares of Saputo from C$33.00 to C$34.00 in a research note on Monday, August 14th. Finally, Desjardins decreased their target price on shares of Saputo from C$38.00 to C$35.00 in a research report on Monday, August 14th.

Saputo Stock Performance

The stock’s 50-day moving average is $20.59 and its 200 day moving average is $22.15.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.