Saputo Inc. (OTCMKTS:SAPIF – Get Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 1,164,724 shares, a decrease of 38.7% from the April 15th total of 1,898,767 shares. Based on an average daily volume of 177,836 shares, the short-interest ratio is currently 6.5 days.
Saputo Stock Performance
Shares of Saputo stock opened at $28.68 on Friday. The business has a 50-day moving average price of $30.34 and a 200-day moving average price of $29.47. Saputo has a twelve month low of $18.14 and a twelve month high of $32.49.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. TD Securities restated a “buy” rating on shares of Saputo in a research note on Monday, February 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Saputo in a research note on Monday, February 2nd. Scotiabank reiterated an “outperform” rating on shares of Saputo in a research note on Monday, February 9th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Saputo in a research note on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
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.
Further Reading
- Five stocks we like better than Saputo
- Japan’s Stealth Bull Market: How U.S. Investors Can Get Exposure
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.
