SEGRO (OTCMKTS:SEGXF) Sees Large Volume Increase – Still a Buy?

SEGRO (OTCMKTS:SEGXF) saw unusually-high trading volume on Friday . Approximately 4,000 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 1,726 shares.The stock last traded at $11.74 and had previously closed at $11.7984.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, BNP Paribas Exane assumed coverage on SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

SEGRO Stock Down 0.5%

The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $10.19 and a two-hundred day moving average of $10.00.

About SEGRO

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.