Alsea (OTCMKTS:ALSSF) Shares Up 4.3% – Time to Buy?

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF – Get Free Report)’s share price shot up 4.3% on Thursday. The stock traded as high as $2.64 and last traded at $2.64. Approximately 240 shares were traded during mid-day trading, a decline of 98% from the average session volume of 11,789 shares. The stock had previously closed at $2.53.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ALSSF shares. The Goldman Sachs Group raised Alsea to a “neutral” rating in a research report on Friday, September 25th. UBS Group lowered shares of Alsea to a “neutral” rating in a 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Report on Alsea

Alsea Stock Performance

The company has a 50 day moving average of $2.47 and a 200 day moving average of $2.71.

Alsea Company Profile

(Get Free Report)

Alsea, SAB. de C.V. is a Mexico-based operator of quick-service, casual-dining and coffee restaurants. The company develops and manages restaurant locations under a portfolio of owned, licensed and franchised brands, providing food, beverages, delivery and related customer services.

Its brand portfolio has included Starbucks, Domino’s Pizza, Burger King, Chili’s, P.F. Chang’s, Italianni’s, Vips, The Cheesecake Factory, Foster’s Hollywood and Ginos, although brand availability varies by country and operating agreement.

Further Reading

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