Sodexo (OTCMKTS:SDXAY) Shares Cross Above Fifty Day Moving Average – Here’s Why

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $12.92 and traded as high as $13.03. Sodexo shares last traded at $13.03, with a volume of 43,581 shares traded.

Analyst Upgrades and Downgrades

SDXAY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. Zacks Research upgraded Sodexo from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research report on Monday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Sodexo in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Sodexo Trading Up 1.0%

The company’s 50 day moving average price is $12.92 and its 200 day moving average price is $11.55.

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.