Dino Polska (OTCMKTS:DNOPY) Share Price Breaks Below 50-Day Moving Average – Time to Sell?

Dino Polska S.A. (OTCMKTS:DNOPY) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $9.37 and traded as low as $9.36. Dino Polska shares last traded at $9.36, with a volume of 11,095 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group started coverage on Dino Polska in a report on Monday, September 21st. They set a “hold” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.00.

Dino Polska Price Performance

The stock’s 50-day simple moving average is $9.37 and its 200 day simple moving average is $9.28.

Dino Polska Company Profile

Dino Polska S.A. is a Polish food retail company that operates a nationwide chain of proximity supermarkets under the Dino brand. Its stores primarily serve customers in smaller cities, towns and rural communities, offering groceries, household products, personal-care items and other everyday necessities. Many locations also feature fresh-food counters, including meat and bakery products. Founded in 1999, Dino expanded from its initial presence in western Poland into one of the country’s largest supermarket networks.