Empire (OTCMKTS:EMLAF) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Empire Company Limited (OTCMKTS:EMLAF)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.36 and traded as high as $35.27. Empire shares last traded at $35.27, with a volume of 105,319 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Securities reissued a “hold” rating on shares of Empire in a research note on Friday, December 12th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Empire in a report on Friday, December 12th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Empire in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Empire currently has a consensus rating of “Hold”.

Empire Trading Up 0.3%

The stock has a 50-day moving average of $34.36 and a 200 day moving average of $36.04.

About Empire

Empire Company Limited trades on the OTC Pink under the symbol EMLAF. It is a leading Canadian food retailer and distributor, operating a network of more than 1,500 locations across all provinces. The company’s retail segment includes national and regional banners such as Sobeys, Safeway (Western Canada), FreshCo, IGA (Quebec), Foodland (Atlantic Canada), Thrifty Foods and Price Chopper (Ontario). Through its wholesale division, Empire serves independent grocers and franchises markets under the Empire Wholesale Club and other distribution outlets.

In addition to traditional supermarket operations, Empire has expanded its digital and e-commerce capabilities, offering online grocery ordering and home delivery services to meet shifting consumer preferences.