Alsea (OTCMKTS:ALSSF) Trading 7.1% Higher – Here’s What Happened

by · The Markets Daily

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF – Get Free Report)’s share price rose 7.1% during trading on Tuesday . The company traded as high as $2.58 and last traded at $2.58. Approximately 50,200 shares were traded during trading, an increase of 278% from the average daily volume of 13,281 shares. The stock had previously closed at $2.41.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of Alsea to a “neutral” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on Alsea

Alsea Price Performance

The stock has a 50 day simple moving average of $2.43 and a two-hundred day simple moving average of $2.83.

About Alsea

(Get Free Report)

Alsea SAB. de C.V., trading over the counter as ALSSF, is a leading operator of quick-service, casual-dining and café concepts across Latin America and Europe. Headquartered in Mexico City, the company holds master franchise and license rights for internationally known brands, overseeing day-to-day operations, supply-chain logistics and marketing for each restaurant concept.

The company’s portfolio includes quick-service staples such as Domino’s Pizza, Burger King and Starbucks, along with casual-dining and coffee shop formats like Vips, El Globo and Pe.Tra bakery cafés.

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