SGS (OTCMKTS:SGSOY) Sets New 12-Month High – Here’s Why

Shares of SGS SA (OTCMKTS:SGSOY) hit a new 52-week high on Monday . The stock traded as high as $11.93 and last traded at $11.93, with a volume of 720 shares trading hands. The stock had previously closed at $11.80.

Analyst Ratings Changes

SGSOY has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of SGS from a “strong sell” rating to a “neutral” rating in a research note on Thursday, October 9th. Citigroup restated a “buy” rating on shares of SGS in a report on Tuesday, October 28th. Finally, Morgan Stanley downgraded SGS from an “equal weight” rating to a “cautious” rating in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SGS presently has an average rating of “Moderate Buy”.

SGS Price Performance

The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 3.83. The business has a fifty day moving average price of $11.30 and a 200 day moving average price of $10.75.

About SGS

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.