SGS SA (OTCMKTS:SGSOY – Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 1,700 shares, a drop of 83.5% from the August 31st total of 10,300 shares. Based on an average trading volume of 147,300 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 147,300 shares, the short-interest ratio is presently 0.0 days.
SGS Trading Up 0.5%
Shares of OTCMKTS:SGSOY opened at $10.40 on Thursday. The company’s fifty day moving average is $10.28 and its 200 day moving average is $10.08. SGS has a 52 week low of $8.42 and a 52 week high of $11.40.
Wall Street Analyst Weigh In
Several analysts have weighed in on SGSOY shares. Sanford C. Bernstein raised SGS to a “strong-buy” rating in a report on Friday, June 27th. Berenberg Bank raised shares of SGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. Royal Bank Of Canada upgraded shares of SGS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 8th. Finally, BNP Paribas upgraded shares of SGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.
About SGS
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.
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