Sodexo (OTCMKTS:SDXAY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.51 and traded as high as $11.4418. Sodexo shares last traded at $11.39, with a volume of 33,293 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SDXAY shares. Citigroup reiterated a “neutral” rating on shares of Sodexo in a research note on Wednesday, May 20th. Morgan Stanley reiterated an “underweight” rating on shares of Sodexo in a research note on Thursday, May 21st. Finally, Jefferies Financial Group upgraded shares of Sodexo from a “hold” rating to a “buy” rating in a research note on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Sodexo Stock Performance

The firm’s 50 day simple moving average is $10.51 and its 200 day simple moving average is $10.48.

Sodexo Company Profile

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.