Eurofins Scientific (OTCMKTS:ERFSF) Shares Cross Above 50 Day Moving Average – Here’s Why

Eurofins Scientific SE (OTCMKTS:ERFSF) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $52.99 and traded as high as $56.02. Eurofins Scientific shares last traded at $56.02, with a volume of 3,814 shares changing hands.

Analysts Set New Price Targets

ERFSF has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of Eurofins Scientific from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Citigroup reiterated a “neutral” rating on shares of Eurofins Scientific in a research note on Monday, February 3rd. Barclays downgraded Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Berenberg Bank cut Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th.

Eurofins Scientific Price Performance

The business’s 50-day moving average price is $53.12 and its 200 day moving average price is $52.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 1.34.

About Eurofins Scientific

Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company offers a portfolio of various analytical methods and tests to evaluate the safety, identity, composition, authenticity, origin, traceability, and purity of various products.