Maple Leaf Foods (OTCMKTS:MLFNF) Trading Up 1% – Here’s Why

Maple Leaf Foods Inc. (OTCMKTS:MLFNF) shares traded up 1% during mid-day trading on Thursday . The company traded as high as $17.89 and last traded at $17.89. 5,475 shares were traded during trading, an increase of 166% from the average session volume of 2,058 shares. The stock had previously closed at $17.72.

Wall Street Analysts Forecast Growth

MLFNF has been the topic of several research reports. National Bankshares reiterated an “outperform” rating on shares of Maple Leaf Foods in a research report on Friday, September 12th. TD Securities restated a “buy” rating on shares of Maple Leaf Foods in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Maple Leaf Foods currently has a consensus rating of “Buy”.

Maple Leaf Foods Trading Up 1.0%

The company’s 50 day simple moving average is $17.97 and its 200-day simple moving average is $21.17.

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.