SGS (OTCMKTS:SGSOY) Sets New 52-Week High – What’s Next?

SGS SA (OTCMKTS:SGSOY) reached a new 52-week high on Friday . The stock traded as high as $12.5930 and last traded at $12.5930, with a volume of 5842 shares. The stock had previously closed at $12.39.

Wall Street Analyst Weigh In

SGSOY has been the topic of several research reports. Citigroup reiterated a “buy” rating on shares of SGS in a research report on Tuesday, February 17th. Morgan Stanley cut SGS from an “equal weight” rating to a “cautious” rating in a report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

SGS Stock Performance

The stock’s 50-day moving average price is $11.90 and its 200 day moving average price is $11.16. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 3.83.

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.