SSP Group (OTCMKTS:SSPPF) Shares Gap Down – Here’s What Happened

SSP Group (OTCMKTS:SSPPF) shares gapped down before the market opened on Thursday . The stock had previously closed at $2.56, but opened at $2.1575. SSP Group shares last traded at $2.1575, with a volume of 100 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SSPPF shares. Barclays cut shares of SSP Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating on shares of SSP Group in a report on Thursday, January 15th. Finally, UBS Group lowered shares of SSP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SSP Group Stock Performance

The company has a debt-to-equity ratio of 6.39, a current ratio of 0.44 and a quick ratio of 0.40. The business’s 50-day simple moving average is $2.51 and its two-hundred day simple moving average is $2.33.

About SSP Group

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.