Saputo (OTCMKTS:SAPIF) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Saputo Inc. (OTCMKTS:SAPIF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.79 and traded as low as $27.79. Saputo shares last traded at $27.79, with a volume of 149,144 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Saputo in a report on Monday, February 9th. Scotiabank reaffirmed an “outperform” rating on shares of Saputo in a report on Monday, February 9th. TD Securities reaffirmed a “buy” rating on shares of Saputo in a report on Monday, February 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saputo in a report on Monday, February 2nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Saputo Stock Performance

The company has a fifty day simple moving average of $30.98 and a 200-day simple moving average of $28.82.

Saputo Company Profile

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.