Shoprite (OTCMKTS:SRGHY) Trading Up 0.3% – Time to Buy?

Shoprite Holdings Ltd (OTCMKTS:SRGHYGet Free Report) shares rose 0.3% during trading on Friday . The stock traded as high as $16.58 and last traded at $16.27. Approximately 4,242 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 4,426 shares. The stock had previously closed at $16.21.

Shoprite Price Performance

The company has a 50-day simple moving average of $16.79 and a 200-day simple moving average of $16.42.

About Shoprite

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Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.

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