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

SGS SA (OTCMKTS:SGSOY) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $12.02 and last traded at $12.0190, with a volume of 48842 shares changing hands. The stock had previously closed at $11.89.

Analysts Set New Price Targets

Several brokerages have weighed in on SGSOY. Citigroup reaffirmed a “buy” rating on shares of SGS in a research note on Tuesday, October 28th. The Goldman Sachs Group raised shares of SGS from a “strong sell” rating to a “neutral” rating in a research report on Thursday, October 9th. Finally, Morgan Stanley lowered 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 assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

SGS Stock Up 1.4%

The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 3.83. The company’s 50 day moving average price is $11.40 and its 200 day moving average price is $10.86.

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.