Sodexo (OTCMKTS:SDXAY) Sees Strong Trading Volume – Time to Buy?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) shares saw unusually-strong trading volume on Thursday. 311,612 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 153,462 shares. The stock last traded at $13.53 and had previously closed at $13.52.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Sodexo from a “strong sell” rating to a “hold” rating in a research note on Friday, September 18th. Citigroup reiterated a “neutral” rating on shares of Sodexo in a research note on Monday, October 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sodexo has an average rating of “Hold”.

Sodexo Trading Down 0.3%

The stock has a fifty day moving average of $12.92 and a 200 day moving average of $11.69.

About Sodexo

Sodexo is a France-based provider of food services and facilities management. It prepares and serves meals and supports clients with services such as building maintenance, cleaning, reception, and workplace operations. The company serves organizations across a range of sectors, including business and industry, healthcare, education, sports and leisure, and government. Its operations span multiple countries, with services tailored to the needs of workplaces, schools, hospitals, and other institutions.