Alsea (OTCMKTS:ALSSF) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF)’s stock price 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 traded.

Analysts Set New Price Targets

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

Alsea Price Performance

The company has a 50 day simple moving average of $2.54 and a 200-day simple moving average of $2.83.

About Alsea

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.