Saputo (OTCMKTS:SAPIF) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Saputo Inc. (OTCMKTS:SAPIF) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.70 and traded as high as $30.3060. Saputo shares last traded at $30.3060, with a volume of 182,464 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Saputo in a research note on Friday, October 31st. TD Securities reiterated a “buy” rating on shares of Saputo in a research report on Friday, November 28th. Finally, Scotiabank reissued an “outperform” rating on shares of Saputo in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Saputo Trading Up 0.8%

The company has a fifty day moving average of $26.70 and a two-hundred day moving average of $23.85.

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.