Sodexo (OTCMKTS:SDXAY) Stock Jumps 4.5% – What’s Next?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s share price was up 4.5% during trading on Monday. The stock traded as high as $13.11 and last traded at $13.11. 2,095 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 162,168 shares. The stock had previously closed at $12.55.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SDXAY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Sodexo in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. Morgan Stanley reiterated an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. Citigroup reissued a “neutral” rating on shares of Sodexo in a research report on Wednesday, September 9th. Finally, Zacks Research raised shares of Sodexo from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sodexo currently has a consensus rating of “Hold”.

Sodexo Trading Down 0.5%

The stock’s fifty day simple moving average is $12.91 and its 200 day simple moving average is $11.95.

About Sodexo

Sodexo SA is a France-based company that provides food services and facilities management solutions to organizations and institutions. Its services include catering, food preparation, hospitality, cleaning, maintenance, reception, security, workplace management and other support services designed to help clients operate their facilities.

The company serves a broad range of customers, including businesses, hospitals and healthcare facilities, schools and universities, government agencies, sports and leisure venues, and remote work sites.