SSP Group (OTCMKTS:SSPPF) Reaches New 12-Month High - What's Next?

Key Points

• SSP Group (OTCMKTS:SSPPF) reached a new 52-week high of $2.56 on Thursday, trading up about 2.4% with 500 shares changing hands.
• Analyst sentiment is a Moderate Buy (two Buy ratings and one Hold), with UBS recently upgrading to Buy and Citigroup reaffirming Buy while Barclays downgraded to Hold.
• Despite the price strength, SSP shows weak liquidity and high leverage (quick ratio 0.40, current ratio 0.44, debt-to-equity 6.39); the company operates food and beverage concessions across travel locations worldwide.

SSP Group (OTCMKTS:SSPPF - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $2.56 and last traded at $2.56, with a volume of 500 shares traded. The stock had previously closed at $2.50.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group raised SSP Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 17th. Barclays lowered SSP Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 6th. Finally, Citigroup reaffirmed a "buy" rating on shares of SSP Group in a research report on Thursday, January 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

SSP Group Trading Up 2.4%

The firm has a 50 day simple moving average of $2.51 and a two-hundred day simple moving average of $2.30. The company has a quick ratio of 0.40, a current ratio of 0.44 and a debt-to-equity ratio of 6.39.

About SSP Group

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.

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