SGS (OTCMKTS:SGSOY) Shares Pass Below 50 Day Moving Average - Time to Sell?

Key Points

• SGS SA's stock price recently dropped below its 50-day moving average, trading as low as $10.13 before closing at $10.16.
• Analysts have shown positive sentiment towards SGS, with multiple upgrades, resulting in a consensus rating of "Buy" along with two "Strong Buy" ratings.
• The company operates in various sectors, providing inspection, testing, and verification services across multiple regions globally.

SGS SA (OTCMKTS:SGSOY - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.25 and traded as low as $10.13. SGS shares last traded at $10.16, with a volume of 60,939 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on SGSOY. Sanford C. Bernstein raised SGS to a "strong-buy" rating in a research report on Friday, June 27th. Berenberg Bank upgraded SGS from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Finally, Royal Bank Of Canada upgraded SGS from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 8th. Two equities research 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, the company has a consensus rating of "Buy".

SGS Stock Down 0.2%

The stock has a fifty day moving average price of $10.26 and a two-hundred day moving average price of $10.08. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.13 and a quick ratio of 1.01.

SGS Company Profile

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.