SGS (OTCMKTS:SGSOY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

SGS SA (OTCMKTS:SGSOY) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.72 and traded as high as $11.29. SGS shares last traded at $11.2725, with a volume of 50,213 shares changing hands.

Analysts Set New Price Targets

SGSOY has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of SGS from a “strong sell” rating to a “neutral” rating in a research report on Thursday, October 9th. Citigroup reissued a “buy” rating on shares of SGS in a report on Tuesday, October 28th. Finally, BNP Paribas raised SGS from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, SGS presently has an average rating of “Buy”.

SGS Stock Up 0.2%

The stock’s fifty day moving average price is $10.72 and its 200-day moving average price is $10.39.

SGS Company Profile

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.