SGS (OTCMKTS:SGSOY) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Shares of SGS SA (OTCMKTS:SGSOY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.10 and traded as low as $10.8550. SGS shares last traded at $10.89, with a volume of 34,562 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SGSOY. The Goldman Sachs Group raised shares of SGS from a “strong sell” rating to a “neutral” rating in a report on Thursday, October 9th. Citigroup restated a “buy” rating on shares of SGS in a research report on Tuesday, October 28th. Finally, BNP Paribas raised shares of SGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

SGS Trading Up 0.4%

The company has a 50-day moving average of $11.11 and a 200-day moving average of $10.57.

SGS Company Profile

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.