Sodexo (OTCMKTS:SDXAY) Share Price Passes Below 50-Day Moving Average – What’s Next?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.05 and traded as low as $10.67. Sodexo shares last traded at $10.80, with a volume of 150,771 shares trading hands.

Analyst Upgrades and Downgrades

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

Sodexo Trading Up 0.8%

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

About Sodexo

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.