SGS (OTCMKTS:SGSOY) Sees Strong Trading Volume – Should You Buy?

SGS SA (OTCMKTS:SGSOY) saw unusually-high trading volume on Friday . Approximately 253,255 shares were traded during trading, an increase of 265% from the previous session’s volume of 69,458 shares.The stock last traded at $12.22 and had previously closed at $12.05.

Analysts Set New Price Targets

Several brokerages have weighed in on SGSOY. Citigroup reissued a “buy” rating on shares of SGS in a report on Tuesday, October 28th. Morgan Stanley lowered shares of SGS from an “equal weight” rating to a “cautious” rating in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

SGS Stock Up 1.7%

The firm’s 50 day simple moving average is $11.67 and its 200 day simple moving average is $11.02. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.01 and a current ratio of 1.13.

About SGS

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.