SGS SA (OTCMKTS:SGSOY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 38,100 shares, an increase of 152.3% from the September 15th total of 15,100 shares. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is presently 0.8 days.
SGSOY stock traded up $0.60 during trading on Thursday, hitting $29.69. 18,354 shares of the company traded hands, compared to its average volume of 24,182. The stock’s 50-day simple moving average is $30.72 and its 200 day simple moving average is $30.66. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.18 and a quick ratio of 1.10. The company has a market cap of $22.25 billion, a PE ratio of 35.77 and a beta of 0.63. SGS has a 1 year low of $24.73 and a 1 year high of $32.73.
SGSOY has been the subject of several research analyst reports. HSBC upgraded SGS from a “hold” rating to a “buy” rating in a research note on Wednesday, July 28th. Oddo Bhf upgraded SGS from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 21st. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.
SGS SA is engages in the provision of inspection, verification, testing, certification and quality assurance services. It operates through the following segments: Agriculture, Food and Life, Mineral Services, Oil, Gas and Chemicals Services, Consumer and Retail Services, Certification and Business Enhancement, Industrial Services, Environment, Health and Safety Services, Transportation Services, and Governments and Institutions Services.
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