Sodexo (OTCMKTS:SDXAY) Shares Gap Down - Time to Sell?

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $12.52, but opened at $12.22. Sodexo shares last traded at $12.12, with a volume of 3,460 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SDXAY. Hsbc Global Res lowered Sodexo from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 27th. Barclays lowered shares of Sodexo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft cut Sodexo to a "hold" rating in a report on Friday, March 21st. The Goldman Sachs Group downgraded Sodexo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, HSBC cut Sodexo to a "hold" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Sodexo Price Performance

The company's 50-day moving average is $12.87 and its 200 day moving average is $14.34.

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.