Compagnie de Saint-Gobain (OTCMKTS:CODYY) Sees Large Volume Increase - Here's What Happened

Key Points

• Compagnie de Saint-Gobain's stock experienced a 166% increase in trading volume, with approximately 537,373 shares traded during mid-day, although the stock price decreased from $22.09 to $21.68.
• Analysts recently made several rating changes, with DZ Bank upgrading the stock from a "strong sell" to a "strong buy" rating, while Zacks Research changed it from "strong-buy" to "hold."
• The company has a debt-to-equity ratio of 0.50 and reports that its fifty-day moving average is $22.48, indicating the financial health and stock performance of the company.

Shares of Compagnie de Saint-Gobain - Unsponsored ADR (OTCMKTS:CODYY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 537,373 shares traded hands during mid-day trading, an increase of 166% from the previous session's volume of 202,340 shares.The stock last traded at $21.68 and had previously closed at $22.09.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CODYY shares. DZ Bank upgraded shares of Compagnie de Saint-Gobain from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, August 8th. The Goldman Sachs Group upgraded shares of Compagnie de Saint-Gobain to a "hold" rating in a research report on Tuesday, June 17th. Finally, Zacks Research cut shares of Compagnie de Saint-Gobain from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Compagnie de Saint-Gobain has an average rating of "Moderate Buy".

Compagnie de Saint-Gobain Stock Performance

The company's fifty day moving average is $22.48 and its two-hundred day moving average is $22.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.35 and a quick ratio of 0.92.

About Compagnie de Saint-Gobain

Compagnie de Saint-Gobain SA designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide. It operates through five segments: High Performance Solutions; Northern Europe; Southern Europe Middle East (ME) & Africa; Americas; and Asia-Pacific.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.