Maple Leaf Foods (OTCMKTS:MLFNF) Stock Price Down 0.5% – Here’s What Happened

Maple Leaf Foods Inc. (OTCMKTS:MLFNF) dropped 0.5% on Monday . The company traded as low as $19.01 and last traded at $19.1201. 31,938 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 26,453 shares. The stock had previously closed at $19.21.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MLFNF. Scotiabank restated an “outperform” rating on shares of Maple Leaf Foods in a report on Thursday, August 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Maple Leaf Foods in a research note on Thursday, August 13th. Desjardins started coverage on shares of Maple Leaf Foods in a research note on Tuesday, May 26th. They issued a “buy” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Maple Leaf Foods in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce started coverage on Maple Leaf Foods in a report on Monday, July 27th. They set an “outperform” rating on the stock. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Maple Leaf Foods has a consensus rating of “Buy”.

Maple Leaf Foods Stock Down 0.2%

The company’s 50 day moving average price is $20.42 and its 200 day moving average price is $20.96.

About Maple Leaf Foods

Maple Leaf Foods, trading as OTCMKTS:MLFNF, is a leading Canadian consumer packaged meats company headquartered in Mississauga, Ontario. The company’s operations encompass the processing, packaging and distribution of fresh and value-added meats, including pork and poultry products. Maple Leaf Foods serves a broad customer base through retail grocery channels, foodservice operators and international export markets.

The company’s portfolio features a range of branded offerings such as Maple Leaf® and Schneiders® for traditional meat products, alongside plant-based protein lines acquired through its Lightlife Foods and Field Roast Grain Meat Co subsidiaries.