SEGRO (OTCMKTS:SEGXF) Trading Down 9.2% – Here’s Why

SEGRO (OTCMKTS:SEGXF)’s stock price fell 9.2% during trading on Monday . The stock traded as low as $9.23 and last traded at $9.23. 1,881 shares were traded during trading, a decline of 2% from the average session volume of 1,923 shares. The stock had previously closed at $10.16.

Wall Street Analyst Weigh In

Several research firms have recently commented on SEGXF. UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Zacks Research upgraded shares of SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. Finally, The Goldman Sachs Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

SEGRO Price Performance

The business’s 50-day moving average is $9.55 and its 200-day moving average is $9.76. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

SEGRO Company Profile

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.