SEGRO (OTCMKTS:SEGXF) Stock Passes Below Fifty Day Moving Average – Time to Sell?

SEGRO Plc (OTCMKTS:SEGXF) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.15 and traded as low as $8.90. SEGRO shares last traded at $9.16, with a volume of 1,772 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays cut SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th.

SEGRO Trading Up 7.8 %

The firm’s 50-day moving average price is $9.15 and its two-hundred day moving average price is $10.70.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.