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

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) saw an uptick in trading volume on Thursday. Approximately 247,832 shares changed hands during mid-day trading, an increase of 56% from the previous session’s volume of 158,485 shares. The stock last traded at $12.53 and had previously closed at $12.68.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley restated an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Sodexo in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. Zacks Research upgraded Sodexo from a “strong sell” rating to a “hold” rating in a research note on Friday, September 18th. Finally, Citigroup reissued a “neutral” rating on shares of Sodexo in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sodexo Price Performance

The stock’s 50 day moving average price is $12.92 and its two-hundred day moving average price is $11.92.

Sodexo Company Profile

Sodexo SA is a France-based company that provides food services and facilities management solutions to organizations and institutions. Its services include catering, food preparation, hospitality, cleaning, maintenance, reception, security, workplace management and other support services designed to help clients operate their facilities.

The company serves a broad range of customers, including businesses, hospitals and healthcare facilities, schools and universities, government agencies, sports and leisure venues, and remote work sites.