Maple Leaf Foods (OTCMKTS:MLFNF) Stock Price Up 0.5% – Still a Buy?

Maple Leaf Foods Inc. (OTCMKTS:MLFNF)’s share price rose 0.5% during mid-day trading on Wednesday . The company traded as high as $17.81 and last traded at $17.81. Approximately 6,236 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 4,342 shares. The stock had previously closed at $17.7145.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MLFNF shares. TD Securities restated a “buy” rating on shares of Maple Leaf Foods in a research report on Thursday, October 2nd. National Bankshares reissued an “outperform” rating on shares of Maple Leaf Foods in a research note on Friday, September 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Maple Leaf Foods in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Maple Leaf Foods presently has an average rating of “Buy”.

Maple Leaf Foods Price Performance

The business has a fifty day simple moving average of $20.12 and a 200-day simple moving average of $21.52.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.