Eurofins Scient (OTCMKTS:ERFSF) Shares Gap Down - Here's What Happened

Key Points

• Eurofins Scient's share price gapped down from $82.14 to $78.60 before trading started on Monday.
• Multiple analysts have dropped their ratings on Eurofins Scient, with Citigroup maintaining a "neutral" rating and HSBC lowering it to "hold."
• The company is currently experiencing an 8.1% decline in its stock trading performance, with an average rating classified as "hold."

Shares of Eurofins Scient (OTCMKTS:ERFSF - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $82.14, but opened at $78.60. Eurofins Scient shares last traded at $79.41, with a volume of 394 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ERFSF. Hsbc Global Res lowered Eurofins Scient from a "strong-buy" rating to a "hold" rating in a report on Friday, April 25th. HSBC cut Eurofins Scient to a "hold" rating in a report on Friday, April 25th. Finally, Citigroup reissued a "neutral" rating on shares of Eurofins Scient in a report on Friday, July 25th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Eurofins Scient Stock Up 3.5%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.19 and a current ratio of 1.26. The company has a fifty day moving average of $70.70 and a two-hundred day moving average of $60.76.

Eurofins Scient Company Profile

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.