Sodexo (OTCMKTS:SDXAY) Shares Gap Down - Here's What Happened

Key Points

• Sodexo's stock price gapped down from $13.05 to $12.40 before the market opened, closing last at $12.33 with a trading volume of 10,802 shares.
• Zacks Research downgraded Sodexo from a "hold" to a "strong sell" rating, while the average analyst rating stands at "Reduce", indicating a generally negative outlook.
• The company's financial metrics include a quick ratio of 1.02 and a debt-to-equity ratio of 1.17, suggesting moderate liquidity and leverage levels.

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $13.05, but opened at $12.40. Sodexo shares last traded at $12.33, with a volume of 10,802 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Sodexo from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 14th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce".

Sodexo Stock Down 6.7%

The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average price of $12.45 and a 200-day moving average price of $12.48.

Sodexo Company Profile

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.

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