SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Time to Sell?

SEGRO (OTCMKTS:SEGXF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.01, but opened at $9.62. SEGRO shares last traded at $9.62, with a volume of 222 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded SEGRO to a “hold” rating in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, SEGRO currently has a consensus rating of “Hold”.

SEGRO Stock Down 3.7%

The business has a 50 day moving average of $9.48 and a 200 day moving average of $9.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50.

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.