Sodexo (OTCMKTS:SDXAY) Sets New 12-Month Low – Here’s Why

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) hit a new 52-week low during trading on Thursday . The company traded as low as $10.55 and last traded at $10.55, with a volume of 122098 shares changing hands. The stock had previously closed at $10.73.

Analyst Ratings Changes

Several research firms have recently commented on SDXAY. Zacks Research downgraded shares of Sodexo from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Berenberg Bank lowered Sodexo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. Finally, Kepler Capital Markets cut Sodexo from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Sodexo Stock Down 1.7%

The firm has a 50 day simple moving average of $11.99 and a 200-day simple moving average of $12.29. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.02 and a current ratio of 1.08.

Sodexo Company Profile

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.