Eurofins Scient (OTCMKTS:ERFSF) Shares Gap Down - What's Next?

Key Points

• Eurofins Scientific's stock price gapped down from $79.13 to $76.15 before market opening, reflecting a decrease of 1.1%.
• HSBC Global Research downgraded Eurofins Scientific from a "strong-buy" rating to a "hold" rating, while Citigroup maintained a "neutral" rating.
• The company has a debt-to-equity ratio of 0.77, indicating a healthy balance of debt in relation to its equity.

Eurofins Scient (OTCMKTS:ERFSF - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $79.13, but opened at $76.15. Eurofins Scient shares last traded at $76.15, with a volume of 80 shares trading hands.

Analysts Set New Price Targets

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

Eurofins Scient Price Performance

The business has a 50 day moving average of $73.59 and a 200 day moving average of $63.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.26 and a quick ratio of 1.19.

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.