SGS (OTCMKTS:SGSOY) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• SGS SA's stock price has surpassed its 50-day moving average of $10.27, trading as high as $10.74 before closing at $10.66.
• Analysts have recently upgraded SGS's stock rating, with Sanford C. Bernstein and Berenberg Bank both issuing a "strong-buy" rating.
• The company provides a variety of services including inspection, testing, and verification across numerous sectors globally.

SGS SA (OTCMKTS:SGSOY - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.27 and traded as high as $10.74. SGS shares last traded at $10.66, with a volume of 75,252 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SGSOY. Berenberg Bank upgraded shares of SGS from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. BNP Paribas raised shares of SGS from a "hold" rating to a "strong-buy" rating in a research note on Friday. Sanford C. Bernstein raised shares of SGS to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Royal Bank Of Canada raised shares of SGS from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Strong Buy".

SGS Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 3.08. The firm's 50 day moving average is $10.28 and its 200-day moving average is $10.06.

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.