Alsea (OTCMKTS:ALSSF) Trading Up 7.1% – Here’s What Happened

Shares of Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) shot up 7.1% on Tuesday . The company traded as high as $2.58 and last traded at $2.58. Approximately 50,200 shares traded hands during trading, an increase of 278% from the average daily volume of 13,281 shares. The stock had previously closed at $2.41.

Analysts Set New Price Targets

Separately, UBS Group cut shares of Alsea to a “neutral” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Alsea Stock Up 7.1%

The company has a fifty day moving average of $2.43 and a two-hundred day moving average of $2.84.

Alsea Company Profile

Alsea SAB. de C.V., trading over the counter as ALSSF, is a leading operator of quick-service, casual-dining and café concepts across Latin America and Europe. Headquartered in Mexico City, the company holds master franchise and license rights for internationally known brands, overseeing day-to-day operations, supply-chain logistics and marketing for each restaurant concept.

The company’s portfolio includes quick-service staples such as Domino’s Pizza, Burger King and Starbucks, along with casual-dining and coffee shop formats like Vips, El Globo and Pe.Tra bakery cafés.