SGS SA (OTCMKTS:SGSOY – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 18,519 shares, a decline of 59.4% from the August 15th total of 45,633 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 91,045 shares, the days-to-cover ratio is presently 0.2 days.
SGS Trading Down 0.9%
Shares of SGSOY stock opened at $11.25 on Friday. The firm’s fifty day simple moving average is $11.61 and its 200 day simple moving average is $11.33. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.52. SGS has a 1 year low of $10.02 and a 1 year high of $12.76.
Analysts Set New Price Targets
SGSOY has been the topic of a number of analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of SGS in a research note on Monday, July 27th. Oddo Bhf upgraded shares of SGS to an “outperform” rating in a report on Tuesday, May 26th. Citigroup reiterated a “buy” rating on shares of SGS in a report on Monday, July 27th. Finally, Kepler Capital Markets raised SGS to a “strong-buy” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
SGS Company Profile
SGS SA is a Switzerland-based testing, inspection and certification company serving businesses, governments and other organizations worldwide. The company helps clients assess the quality, safety, performance and compliance of products, services and processes through independent verification and technical expertise.
Its services include laboratory testing, inspection, certification, auditing, consulting and related training. SGS supports a broad range of industries, including agriculture and food, consumer products, energy and natural resources, industrial manufacturing, transportation, pharmaceuticals and healthcare, construction, connectivity and sustainability.
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