Alsea (OTCMKTS:ALSSF) Shares Break Above 200 Day Moving Average – What’s Next?

Shares of Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $2.83 and traded as high as $2.89. Alsea shares last traded at $2.89, with a volume of 1,000 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ALSSF shares. The Goldman Sachs Group raised shares of 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 equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Alsea Stock Performance

The firm has a 50 day simple moving average of $2.54 and a two-hundred day simple moving average of $2.83.

Alsea Company Profile

Alsea, SAB. de C.V. is a Mexico-based operator and franchisee of quick-service, casual-dining and coffee restaurants. The company manages restaurant development, operations, supply-chain activities and customer-service programs for a portfolio of international and proprietary brands.

Its brand portfolio has included Starbucks, Domino’s Pizza, Burger King, Chili’s, P.F. Chang’s, Italianni’s and Vips, among others. The products and services offered through these businesses include coffee and other beverages, pizza, burgers, Mexican and Italian cuisine, Asian-inspired dishes, and casual-dining meals.

Founded in 1989, Alsea initially expanded through the operation of Domino’s Pizza restaurants in Mexico and subsequently grew through additional franchise agreements, acquisitions and the development of its own brands.