Societe Generale Group (OTCMKTS:SCGLY) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Societe Generale shares fell below their 50-day moving average, trading as low as $14.64 versus a 50-day average of $17.54, and last changing hands at $14.87.
• Analyst sentiment is mixed, with recent upgrades and downgrades resulting in a consensus “Hold” rating from MarketBeat.
• The bank exceeded quarterly expectations, reporting $0.50 in earnings per share versus a $0.39 estimate and revenue of $8.25 billion versus an $8.03 billion consensus forecast.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $17.54 and traded as low as $14.64. Societe Generale Group shares last traded at $14.87, with a volume of 964,769 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SCGLY shares. Zacks Research raised shares of Societe Generale Group from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. The Goldman Sachs Group downgraded shares of Societe Generale Group from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 2nd. Kepler Capital Markets upgraded shares of Societe Generale Group from a "hold" rating to a "strong-buy" rating in a report on Monday, July 6th. Keefe, Bruyette & Woods cut shares of Societe Generale Group from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Societe Generale Group in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Societe Generale Group Stock Performance

The stock has a 50 day moving average of $17.54 and a 200 day moving average of $16.80. The company has a market capitalization of $55.83 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.46 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 2.10.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.03 billion. As a group, analysts predict that Societe Generale Group will post 1.84 EPS for the current year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group that provides financial services to individuals, businesses, institutional investors and public-sector organizations. Its activities include retail banking, corporate and investment banking, private banking, asset management, insurance, consumer finance and specialized financial services.

In France, the group serves personal and business customers through Societe Generale's retail banking network and digital banking platform BoursoBank.

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