SGS (OTCMKTS:SGSOY) Sets New 52-Week High – What’s Next?

SGS SA (OTCMKTS:SGSOY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $12.5930 and last traded at $12.5930, with a volume of 5842 shares traded. The stock had previously closed at $12.39.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SGSOY shares. Morgan Stanley downgraded SGS from an “equal weight” rating to a “cautious” rating in a research note on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of SGS in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SGS has a consensus rating of “Moderate Buy”.

SGS Trading Up 1.9%

The business has a fifty day moving average of $11.90 and a two-hundred day moving average of $11.16. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.01 and a current ratio of 1.13.

About SGS

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.