Société Générale Société anonyme (OTCMKTS:SCGLY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.85 and traded as high as $5.01. Société Générale Société anonyme shares last traded at $4.96, with a volume of 206,104 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Société Générale Société anonyme to a “hold” rating in a research note on Monday, August 5th.

Société Générale Société anonyme Price Performance

The company has a debt-to-equity ratio of 3.63, a current ratio of 1.36 and a quick ratio of 1.39. The firm has a 50-day moving average of $4.85 and a 200-day moving average of $5.19. The stock has a market cap of $19.91 billion, a PE ratio of 10.55, a PEG ratio of 0.11 and a beta of 1.44.

Société Générale Société anonyme (OTCMKTS:SCGLY) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.25 earnings per share for the quarter. The business had revenue of $7.20 billion during the quarter. Société Générale Société anonyme had a return on equity of 3.31% and a net margin of 9.04%. Research analysts predict that Société Générale Société anonyme will post 0.9 EPS for the current year.

Société Générale Société anonyme Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.