Saputo (OTCMKTS:SAPIF) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Saputo Inc. (OTCMKTS:SAPIF)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Wall Street Analyst Weigh In

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

Saputo Stock Performance

The business has a fifty day moving average of $29.83 and a 200 day moving average of $26.39.

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.