SGS (OTCMKTS:SGSOY) Sets New 52-Week High – Should You Buy?

SGS SA (OTCMKTS:SGSOY) shares hit a new 52-week high during trading on Wednesday. The stock traded as high as $12.7599 and last traded at $12.7599, with a volume of 11,497 shares traded. The stock had previously closed at $12.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SGS in a research note on Monday, October 26th. Citigroup restated a “buy” rating on shares of SGS in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SGS has a consensus rating of “Moderate Buy”.

SGS Stock Down 1.6%

The firm has a fifty day moving average of $11.68 and a two-hundred day moving average of $11.51.

SGS Company Profile

SGS SA is a Switzerland-based provider of testing, inspection and certification services. Headquartered in Geneva, the company helps businesses, governments and other organizations assess the quality, safety, performance and compliance of products, processes and systems.

Its services include laboratory testing, product and commodity inspection, auditing, certification, verification, consulting and technical support. SGS serves a broad range of industries, including agriculture and food, chemicals, consumer goods, energy, mining, construction, manufacturing, transportation, pharmaceuticals and environmental services.

Founded in 1878, SGS has developed into an international network serving clients across Europe, the Americas, Asia-Pacific, Africa and the Middle East.