Sodexo (OTCMKTS:SDXAY) Shares Cross Above 50 Day Moving Average - Here's What Happened

Sodexo S.A. (OTCMKTS:SDXAY - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.76 and traded as high as $13.24. Sodexo shares last traded at $13.19, with a volume of 20,803 shares changing hands.

Analysts Set New Price Targets

SDXAY has been the subject of a number of recent analyst reports. Hsbc Global Res downgraded shares of 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 lowered shares of Sodexo to a "hold" rating in a research report on Friday, March 21st. HSBC lowered shares of Sodexo to a "hold" rating in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group lowered shares of Sodexo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Sodexo has a consensus rating of "Hold".

Sodexo Stock Down 1.7%

The firm's 50 day moving average price is $12.77 and its two-hundred day moving average price is $14.57. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

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.