Eurofins Scient (OTCMKTS:ERFSF) Trading Down 4.6% - Should You Sell?

Key Points

• Eurofins Scientific shares declined by 4.6%, trading at $74.53, with a significant drop in trading volume of 67% from the average.
• Research analysts have lowered ratings on the stock, with HSBC Global Research changing it from a "strong-buy" to a "hold," leading to an average rating of "Hold" across multiple analysts.
• The company offers a range of analytical testing and laboratory services worldwide, focusing on product safety and authenticity evaluations.

Shares of Eurofins Scient (OTCMKTS:ERFSF - Get Free Report) were down 4.6% on Monday . The company traded as low as $74.53 and last traded at $74.53. Approximately 521 shares traded hands during trading, a decline of 67% from the average daily volume of 1,567 shares. The stock had previously closed at $78.10.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. 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 research note on Friday, April 25th. Finally, Citigroup reiterated a "neutral" rating on shares of Eurofins Scient in a report on Friday, July 25th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Eurofins Scient presently has an average rating of "Hold".

Eurofins Scient Trading Up 0.0%

The firm has a 50 day simple moving average of $70.97 and a 200 day simple moving average of $61.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.19 and a current ratio of 1.26.

About Eurofins Scient

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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