SOS (NYSE:SOS) Trading Down 2% – What’s Next?

SOS Limited Unsponsored ADR (NYSE:SOS)’s stock price dropped 2% during mid-day trading on Tuesday . The stock traded as low as $1.5201 and last traded at $1.5486. Approximately 19,319 shares were traded during trading, a decline of 73% from the average daily volume of 70,638 shares. The stock had previously closed at $1.58.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SOS. Weiss Ratings restated a “sell (e+)” rating on shares of SOS in a research note on Wednesday, October 8th. Wall Street Zen lowered SOS from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SOS presently has a consensus rating of “Sell”.

SOS Stock Down 2.0%

The stock’s fifty day moving average is $1.47 and its 200-day moving average is $2.85.

SOS (NYSE:SOS) last posted its earnings results on Friday, September 26th. The company reported ($1.04) earnings per share for the quarter. The business had revenue of $44.80 million during the quarter.

About SOS

SOS Limited is a China-based specialty chemical company that develops, manufactures and markets a broad portfolio of water treatment, glycol and surfactant products. Founded in 1997 and headquartered in Shanghai, the company focuses on delivering high-performance solutions for industrial, municipal and household applications. Its core mission is to address water conservation and pollution control challenges while supporting downstream industries with essential chemical inputs.

The company’s primary offerings include a range of water treatment chemicals such as coagulants, flocculants and scale inhibitors designed for use in power plants, petrochemical facilities, and municipal waterworks.