Alsea (OTCMKTS:ALSSF) Stock Price Up 4.3% – Here’s What Happened

Shares of Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) traded up 4.3% during mid-day trading on Thursday. The stock traded as high as $2.64 and last traded at $2.64. 240 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 11,789 shares. The stock had previously closed at $2.53.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALSSF. UBS Group downgraded Alsea to a “neutral” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group raised shares of Alsea to a “neutral” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Alsea Stock Up 4.3%

The firm has a 50 day moving average price of $2.46 and a 200-day moving average price of $2.71.

Alsea Company Profile

Alsea, SAB. de C.V. is a Mexico-based operator of quick-service, casual-dining and coffee restaurants. The company develops and manages restaurant locations under a portfolio of owned, licensed and franchised brands, providing food, beverages, delivery and related customer services.

Its brand portfolio has included Starbucks, Domino’s Pizza, Burger King, Chili’s, P.F. Chang’s, Italianni’s, Vips, The Cheesecake Factory, Foster’s Hollywood and Ginos, although brand availability varies by country and operating agreement.