Eurofins Scientific (OTCMKTS:ERFSF) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Eurofins Scientific SE (OTCMKTS:ERFSF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $52.26 and traded as high as $55.99. Eurofins Scientific shares last traded at $52.52, with a volume of 221 shares traded.

Analyst Upgrades and Downgrades

ERFSF has been the subject of a number of research analyst reports. Sanford C. Bernstein raised shares of Eurofins Scientific from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Barclays cut shares of Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 24th. Citigroup reissued a “neutral” rating on shares of Eurofins Scientific in a research report on Monday, February 3rd. Finally, Berenberg Bank cut shares of Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th.

Eurofins Scientific Price Performance

The stock’s 50-day moving average price is $52.26 and its 200-day moving average price is $53.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 1.34.

Eurofins Scientific Company Profile

Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company offers a portfolio of various analytical methods and tests to evaluate the safety, identity, composition, authenticity, origin, traceability, and purity of various products.