Sodexo (OTCMKTS:SDXAY) Shares Gap Up – Should You Buy?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) gapped up before the market opened on Thursday . The stock had previously closed at $11.56, but opened at $12.27. Sodexo shares last traded at $12.38, with a volume of 4,306 shares changing hands.

Wall Street Analyst Weigh In

SDXAY has been the subject of several analyst reports. Citigroup restated a “neutral” rating on shares of Sodexo in a report on Wednesday, May 20th. Jefferies Financial Group upgraded Sodexo from a “hold” rating to a “buy” rating in a report on Monday, March 30th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sodexo Trading Up 7.5%

The stock’s 50-day simple moving average is $10.97 and its two-hundred day simple moving average is $10.59.

Sodexo Company Profile

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.