Signify (OTCMKTS:SFFYF) Stock Price Down 6.3% – Here’s What Happened

Signify (OTCMKTS:SFFYF) fell 6.3% during mid-day trading on Thursday . The stock traded as low as $22.87 and last traded at $22.87. 710 shares changed hands during trading, an increase of 41% from the average session volume of 503 shares. The stock had previously closed at $24.40.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lowered shares of Signify from an “overweight” rating to an “underweight” rating in a report on Monday, December 8th. Barclays restated an “underweight” rating on shares of Signify in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Signify Stock Performance

The stock has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $25.06.

Signify Company Profile

Signify N.V. (OTCMKTS: SFFYF) is a global leader in lighting products, systems and services. Established as a standalone company following its spin-off from Koninklijke Philips N.V. in 2016, Signify leverages decades of expertise in illumination technology. The company’s offerings span conventional and energy-efficient LED lamps, luminaires and connected lighting systems designed for both professional and consumer markets.

Signify’s product portfolio includes smart lighting solutions under the Philips Hue brand, digital lighting controls, and Internet of Things (IoT) enabled platforms such as Interact.