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Eurofins Scient (OTCMKTS:ERFSF) Sees Strong Trading Volume - Time to Buy?

Eurofins Scient logo with Medical background

Key Points

  • Eurofins Scientific (OTCMKTS:ERFSF) experienced a significant increase in trading volume, with 4,395 shares traded on Wednesday, up 177% from the previous day.
  • The stock is currently rated as a "Hold" by consensus among analysts, with Citigroup maintaining this rating and HSBC recently downgrading it from "strong-buy."
  • Eurofins Scient's stock price has dropped by 4.1%, currently trading at $77.38 after closing at $78.54 the previous day.
  • Want stock alerts on Eurofins Scient? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Eurofins Scient (OTCMKTS:ERFSF - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 4,395 shares were traded during trading, an increase of 177% from the previous session's volume of 1,588 shares.The stock last traded at $77.38 and had previously closed at $78.54.

Wall Street Analyst Weigh In

ERFSF has been the subject of several research analyst reports. Hsbc Global Res cut shares of Eurofins Scient from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup reaffirmed a "neutral" rating on shares of Eurofins Scient in a report on Friday, July 25th. Finally, HSBC lowered shares of Eurofins Scient to a "hold" rating in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Get Our Latest Stock Report on Eurofins Scient

Eurofins Scient Stock Performance

The stock's 50 day simple moving average is $70.97 and its two-hundred day simple moving average is $61.07. The company has a quick ratio of 1.19, a current ratio of 1.26 and a debt-to-equity ratio of 0.77.

Eurofins Scient Company Profile

(Get Free Report)

Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company offers a portfolio of various analytical methods and tests to evaluate the safety, identity, composition, authenticity, origin, traceability, and purity of various products.

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