Alsea (OTCMKTS:ALSSF) Shares Break Above Two Hundred Day Moving Average – Here’s Why

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $2.83 and traded as high as $2.89. Alsea shares last traded at $2.89, with a volume of 1,000 shares.

Wall Street Analyst Weigh In

ALSSF has been the subject of a number of research analyst reports. UBS Group cut shares of Alsea to a “neutral” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group upgraded shares of Alsea to a “neutral” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Alsea Price Performance

The firm’s 50-day moving average is $2.54 and its 200-day moving average is $2.83.

Alsea Company Profile

Alsea, SAB. de C.V. is a Mexico-based operator and franchisee of quick-service, casual-dining and coffee restaurants. The company manages restaurant development, operations, supply-chain activities and customer-service programs for a portfolio of international and proprietary brands.

Its brand portfolio has included Starbucks, Domino’s Pizza, Burger King, Chili’s, P.F. Chang’s, Italianni’s and Vips, among others. The products and services offered through these businesses include coffee and other beverages, pizza, burgers, Mexican and Italian cuisine, Asian-inspired dishes, and casual-dining meals.

Founded in 1989, Alsea initially expanded through the operation of Domino’s Pizza restaurants in Mexico and subsequently grew through additional franchise agreements, acquisitions and the development of its own brands.