SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Should You Sell?

SEGRO (OTCMKTS:SEGXF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.10, but opened at $9.74. SEGRO shares last traded at $9.35, with a volume of 565 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SEGXF shares. UBS Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Zacks Research upgraded SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. Finally, The Goldman Sachs Group cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SEGRO presently has an average rating of “Reduce”.

SEGRO Stock Performance

The firm has a 50-day moving average of $9.98 and a 200 day moving average of $9.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50.

SEGRO Company Profile

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.