Sodexo (OTCMKTS:SDXAY) Shares Cross Below 50-Day Moving Average – Here’s Why

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s share price crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $12.99 and traded as low as $12.24. Sodexo shares last traded at $12.38, with a volume of 28,555 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a research report on Tuesday, July 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sodexo in a report on Friday, July 3rd. Citigroup restated a “neutral” rating on shares of Sodexo in a report on Wednesday, September 9th. Finally, Zacks Research raised shares of Sodexo from a “strong sell” rating to a “hold” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Sodexo Stock Down 0.3%

The firm’s 50 day moving average price is $12.96 and its 200-day moving average price is $11.83.

About Sodexo

Sodexo is a France-based company that provides food services and facilities management solutions to businesses, schools, hospitals, government organizations and other institutions. Its services include food preparation and catering, workplace and site management, cleaning, maintenance, reception, security and other support services designed to improve the operation of client facilities.

Founded in Marseille in 1966 by Pierre Bellon, Sodexo has grown into an international service provider serving clients across North America, Europe, Asia-Pacific, Latin America and other regions.