SSP Group (OTCMKTS:SSPPF) Hits New 1-Year High – What’s Next?

Shares of SSP Group (OTCMKTS:SSPPF) reached a new 52-week high on Thursday . The stock traded as high as $2.56 and last traded at $2.56, with a volume of 500 shares. The stock had previously closed at $2.50.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays lowered SSP Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group raised SSP Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 17th. Finally, Citigroup reissued a “buy” rating on shares of SSP Group in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, SSP Group currently has a consensus rating of “Moderate Buy”.

SSP Group Stock Performance

The company has a quick ratio of 0.40, a current ratio of 0.44 and a debt-to-equity ratio of 6.39. The business has a 50-day moving average of $2.51 and a 200-day moving average of $2.31.

SSP Group Company Profile

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.