Zacks Investment Research downgraded shares of SGS Ltd (NASDAQ:SGSOY) from a buy rating to a hold rating in a research note released on Tuesday.

According to Zacks, “SGS SA is an inspection, verification, testing and certification company. The Company provides specialized business solutions that improve quality, safety, productivity and reduces risk. Its portfolio of services includes agricultural services, minerals services, oil, gas and chemicals services, life science services, consumer testing services, systems and services certification, industrial services, environmental services, automotive services, government and institutions services. SGS SA is headquartered in Geneva, Switzerland. “

Shares of SGS (NASDAQ:SGSOY) traded up 0.230% on Tuesday, reaching $23.975. The company had a trading volume of 12,567 shares. SGS has a 52 week low of $19.06 and a 52 week high of $24.65. The stock’s 50 day moving average is $22.51 and its 200 day moving average is $22.75. The firm has a market capitalization of $18.08 billion and a price-to-earnings ratio of 30.703.

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About SGS

SGS SA is a Switzerland-based company that provides inspection, verification, testing and certification services. Inspection comprises checking the condition and weight of traded goods at transshipment, quality and quantity control, and compliance with regulatory requirements. Testing services are provided through a global network of testing facilities and test the quality, safety and performance of products against health, safety and regulatory standards.

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