Sodexo (OTCMKTS:SDXAY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) saw an uptick in trading volume on Monday . 3,896,417 shares traded hands during trading, an increase of 1,434% from the previous session’s volume of 253,961 shares.The stock last traded at $11.2550 and had previously closed at $10.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SDXAY shares. Zacks Research raised Sodexo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Morgan Stanley lowered shares of Sodexo from an “overweight” rating to an “underweight” rating in a research report on Wednesday, January 7th. UBS Group downgraded shares of Sodexo from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Berenberg Bank lowered shares of Sodexo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Finally, Kepler Capital Markets cut shares of Sodexo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Sodexo Stock Up 4.1%

The business’s 50 day simple moving average is $10.32 and its 200 day simple moving average is $11.39. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.03.

About Sodexo

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.