Sodexo (OTCMKTS:SDXAY) Sees Unusually-High Trading Volume – Here’s Why

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) shares saw unusually-strong trading volume on Wednesday . Approximately 63,462 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 73,009 shares.The stock last traded at $10.72 and had previously closed at $10.89.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SDXAY shares. Berenberg Bank downgraded shares of Sodexo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Zacks Research lowered Sodexo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Kepler Capital Markets cut Sodexo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Sodexo has a consensus rating of “Reduce”.

Sodexo Stock Down 2.4%

The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.18. The firm’s 50-day simple moving average is $11.86 and its 200 day simple moving average is $12.24.

Sodexo Company Profile

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.