SGS (OTCMKTS:SGSOY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

SGS SA (OTCMKTS:SGSOY)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.04 and traded as low as $9.90. SGS shares last traded at $9.90, with a volume of 69,948 shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SGSOY. Royal Bank of Canada downgraded SGS from a “sector perform” rating to an “underperform” rating in a report on Monday, October 21st. BNP Paribas raised shares of SGS to a “hold” rating in a research report on Monday, September 30th.

SGS Stock Performance

The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 4.45. The business has a 50-day simple moving average of $10.04 and a two-hundred day simple moving average of $10.29.

About SGS

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.