Empire (OTCMKTS:EMLAF) Stock Passes Below 200 Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemEmpire Company Limited (OTCMKTS:EMLAF – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.62 and traded as low as $33.66. Empire shares last traded at $33.67, with a volume of 417 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. CIBC reiterated an “outperform” rating on shares of Empire in a research note on Friday, December 12th. TD Securities reiterated a “hold” rating on shares of Empire in a research report on Friday, December 12th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Empire in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
View Our Latest Stock Report on Empire
Empire Trading Down 2.4%
The business’s fifty day simple moving average is $35.37 and its 200-day simple moving average is $37.61.
Empire Company Profile
Empire Company Limited trades on the OTC Pink under the symbol EMLAF. It is a leading Canadian food retailer and distributor, operating a network of more than 1,500 locations across all provinces. The company’s retail segment includes national and regional banners such as Sobeys, Safeway (Western Canada), FreshCo, IGA (Quebec), Foodland (Atlantic Canada), Thrifty Foods and Price Chopper (Ontario). Through its wholesale division, Empire serves independent grocers and franchises markets under the Empire Wholesale Club and other distribution outlets.
In addition to traditional supermarket operations, Empire has expanded its digital and e-commerce capabilities, offering online grocery ordering and home delivery services to meet shifting consumer preferences.