Compagnie de Saint-Gobain (OTCMKTS:CODYY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down — the stock opened at $18.21 after closing at $19.01, trading down about 3.8% on a volume of 158,542 shares.
• UBS downgraded the stock from "hold" to "strong sell" on Jan. 8; overall analyst mix is one Strong Buy, three Holds and one Sell, yielding an average rating of "Hold".
• Technical and liquidity snapshot: the 50‑day SMA is $18.02 versus the 200‑day SMA of $19.33, and the firm reports a current ratio of 1.27, quick ratio of 0.86 and debt/equity of 0.49.

Compagnie de Saint-Gobain - Unsponsored ADR (OTCMKTS:CODYY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $19.01, but opened at $18.21. Compagnie de Saint-Gobain shares last traded at $18.21, with a volume of 158,542 shares changing hands.

Analyst Ratings Changes

Separately, UBS Group downgraded shares of Compagnie de Saint-Gobain from a "hold" rating to a "strong sell" rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold".

Compagnie de Saint-Gobain Trading Down 3.8%

The company has a current ratio of 1.27, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The firm's fifty day simple moving average is $18.02 and its two-hundred day simple moving average is $19.33.

Compagnie de Saint-Gobain Company Profile

Compagnie de Saint-Gobain OTCMKTS: CODYY is a French multinational that develops, manufactures and distributes building materials and high-performance solutions for construction, mobility and industrial markets. Founded in 1665 and headquartered in Courbevoie, France, the company has evolved from its origins in glassmaking into a diversified materials group producing an array of products used across building envelopes, interiors and specialized industrial applications.

Saint-Gobain's product portfolio includes glass and glazing systems, insulation and gypsum-based solutions, mortars, exterior and interior finishing systems, piping and high-performance ceramics and abrasives.

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