Dino Polska (OTCMKTS:DNOPY) Share Price Breaks Below 50-Day Moving Average – Time to Sell?

Shares of Dino Polska S.A. (OTCMKTS:DNOPY) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $9.37 and traded as low as $9.36. Dino Polska shares last traded at $9.36, with a volume of 11,095 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group started coverage on shares of Dino Polska in a research report on Monday, September 21st. They set a “hold” rating and a $32.00 price target for the company. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.00.

Dino Polska Stock Down 0.8%

The stock’s 50 day simple moving average is $9.37 and its two-hundred day simple moving average is $9.28.

About Dino Polska

Dino Polska S.A. is a Polish food retail company that operates a nationwide chain of proximity supermarkets under the Dino brand. Its stores primarily serve customers in smaller cities, towns and rural communities, offering groceries, household products, personal-care items and other everyday necessities. Many locations also feature fresh-food counters, including meat and bakery products. Founded in 1999, Dino expanded from its initial presence in western Poland into one of the country’s largest supermarket networks.