SGS (OTCMKTS:SGSOY) Shares Pass Below 50 Day Moving Average of $9.53

SGS SA (OTCMKTS:SGSOY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.53 and traded as low as $9.02. SGS shares last traded at $9.05, with a volume of 36,791 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of SGS from an “underweight” rating to an “equal weight” rating in a research note on Friday, January 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

SGS Stock Performance

The stock’s 50 day moving average is $9.53 and its two-hundred day moving average is $8.81. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.10 and a current ratio of 1.21.

SGS Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 19th. Shareholders of record on Wednesday, April 3rd will be paid a $0.2064 dividend. This is a positive change from SGS’s previous dividend of $0.20. The ex-dividend date of this dividend is Tuesday, April 2nd.

SGS Company Profile

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.