SGS (OTCMKTS:SGSOY) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• SGS SA's stock price dropped below its 50-day moving average of $10.27, trading as low as $10.04 and closing at $10.07 with a volume of 61,078 shares.
• Analysts have increased their ratings for SGS, with Sanford C. Bernstein and Berenberg Bank both issuing a "strong-buy" rating, indicating a positive outlook for the stock.
• The company maintains a debt-to-equity ratio of 3.08 and has a current ratio of 1.13 and a quick ratio of 1.01, reflecting its financial stability.

SGS SA (OTCMKTS:SGSOY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.27 and traded as low as $10.04. SGS shares last traded at $10.07, with a volume of 61,078 shares changing hands.

Analysts Set New Price Targets

SGSOY has been the topic of several recent research reports. Berenberg Bank upgraded shares of SGS from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Sanford C. Bernstein upgraded shares of SGS to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Royal Bank Of Canada upgraded shares of SGS from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 8th.

SGS Stock Performance

The business's 50-day simple moving average is $10.26 and its 200 day simple moving average is $10.05. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.01 and a current ratio of 1.13.

About SGS

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.