SGS (OTCMKTS:SGSOY) Sees Strong Trading Volume – Should You Buy?

SGS SA (OTCMKTS:SGSOY) shares saw an uptick in trading volume on Friday . 253,255 shares traded hands during mid-day trading, an increase of 265% from the previous session’s volume of 69,458 shares.The stock last traded at $12.22 and had previously closed at $12.05.

Wall Street Analyst Weigh In

SGSOY has been the subject of several recent research reports. Citigroup reiterated a “buy” rating on shares of SGS in a research report on Tuesday, October 28th. Morgan Stanley lowered shares of SGS from an “equal weight” rating to a “cautious” rating in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

SGS Trading Up 1.7%

The firm has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $11.02. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.13 and a quick ratio of 1.01.

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.