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SGS (OTCMKTS:SGSOY) Sees Unusually-High Trading Volume - Still a Buy?

SGS logo with Business Services background

Key Points

  • SGS (OTCMKTS:SGSOY) experienced a significant surge in trading volume, with 298,973 shares traded, representing a 226% increase from the previous session.
  • Multiple analysts have upgraded SGS's ratings, with Sanford C. Bernstein and Berenberg Bank both assigning it a "strong-buy" rating, contributing to an overall average rating of "Buy."
  • The stock is currently trading at $10.67, above its fifty-day moving average of $10.31 and its 200-day moving average of $10.10.
  • Interested in SGS? Here are five stocks we like better.

SGS SA (OTCMKTS:SGSOY - Get Free Report) shares saw strong trading volume on Friday . 298,973 shares changed hands during mid-day trading, an increase of 226% from the previous session's volume of 91,824 shares.The stock last traded at $10.67 and had previously closed at $10.58.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Sanford C. Bernstein raised SGS to a "strong-buy" rating in a research note on Friday, June 27th. BNP Paribas upgraded SGS from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. The Goldman Sachs Group upgraded SGS from a "strong sell" rating to a "neutral" rating in a research report on Thursday. Royal Bank Of Canada upgraded SGS from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, Berenberg Bank upgraded SGS from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, SGS currently has an average rating of "Buy".

Get Our Latest Stock Analysis on SGS

SGS Trading Up 0.9%

The firm's fifty day simple moving average is $10.31 and its 200-day simple moving average is $10.10.

About SGS

(Get Free Report)

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.

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