Eiffage (OTCMKTS:EFGSY) Reaches New 52-Week Low – Time to Sell?

Eiffage SA (OTCMKTS:EFGSY)’s stock price hit a new 52-week low on Thursday . The company traded as low as $23.6430 and last traded at $23.6430, with a volume of 821 shares trading hands. The stock had previously closed at $24.99.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EFGSY. Morgan Stanley reissued an “overweight” rating on shares of Eiffage in a report on Tuesday. Zacks Research lowered shares of Eiffage from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Eiffage Stock Down 1.7%

The firm has a fifty day moving average price of $26.86 and a 200 day moving average price of $29.32.

About Eiffage

Eiffage is a France-based construction and infrastructure group that operates through contracting and concessions businesses. Its activities include building construction, civil engineering, road and transport infrastructure, rail systems, metal construction, and energy and electrical services.

Through its concessions operations, Eiffage develops, finances, operates and maintains infrastructure assets under long-term agreements. These activities include motorways, airports and other public infrastructure, complementing the company’s construction and maintenance services.

Eiffage traces its modern corporate history to the 1992 merger of Fougerolle and Société Auxiliaire d’Entreprises (SAE), although its operating companies have roots dating back much further.