Free Trial

SEGRO (OTCMKTS:SEGXF) Shares Gap Down - Here's What Happened

SEGRO logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • Shares gapped down: SEGRO opened at $9.27 on Tuesday after a prior close of $9.96 and last traded at $9.27 on light volume (1,351 shares).
  • Analyst sentiment tilted negative: recent reports include upgrades and downgrades, but the MarketBeat consensus is an average rating of Reduce (1 Buy, 4 Hold, 2 Sell).
  • Technical and liquidity signals are weak: the stock is trading below both its 50- and 200-day moving averages of $9.75, and the company reports a debt-to-equity ratio of 0.36 with a low current and quick ratio of 0.50.
  • MarketBeat previews top five stocks to own in June.

SEGRO (OTCMKTS:SEGXF - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $9.96, but opened at $9.27. SEGRO shares last traded at $9.27, with a volume of 1,351 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of SEGRO to a "hold" rating in a research report on Wednesday, March 11th. Jefferies Financial Group raised shares of SEGRO from a "hold" rating to a "buy" rating in a report on Monday, January 26th. The Goldman Sachs Group lowered shares of SEGRO from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 26th. Finally, UBS Group lowered shares of SEGRO from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce".

Get Our Latest Stock Analysis on SEGXF

SEGRO Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The firm's 50 day moving average price is $9.75 and its 200-day moving average price is $9.75.

About SEGRO

(Get Free Report)

SEGRO PLC OTCMKTS: SEGXF is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in SEGRO Right Now?

Before you consider SEGRO, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SEGRO wasn't on the list.

While SEGRO currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines