SGS (OTCMKTS:SGSOY) Hits New 1-Year High – Here’s Why

SGS SA (OTCMKTS:SGSOY) shares reached a new 52-week high on Monday . The company traded as high as $11.69 and last traded at $11.69, with a volume of 9142 shares trading hands. The stock had previously closed at $11.43.

Analyst Ratings Changes

Several brokerages have recently issued reports on SGSOY. Citigroup restated a “buy” rating on shares of SGS in a research note on Tuesday, October 28th. The Goldman Sachs Group raised SGS from a “strong sell” rating to a “neutral” rating in a report on Thursday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, SGS has an average rating of “Buy”.

SGS Stock Up 2.6%

The business’s 50 day moving average is $11.25 and its two-hundred day moving average is $10.68. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 3.83.

SGS Company Profile

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.