Sodexo (OTCMKTS:SDXAY) Shares Cross Above Fifty Day Moving Average – Here’s Why

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s share price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $12.92 and traded as high as $13.03. Sodexo shares last traded at $13.03, with a volume of 43,581 shares.

Wall Street Analyst Weigh In

SDXAY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sodexo in a research report on Friday, July 3rd. Citigroup reissued a “neutral” rating on shares of Sodexo in a research report on Monday. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a research report on Monday, July 20th. Morgan Stanley restated an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. Finally, Zacks Research raised shares of Sodexo from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Sodexo Stock Up 1.0%

The business has a 50 day moving average price of $12.92 and a 200 day moving average price of $11.55.

Sodexo Company Profile

Sodexo SA is a France-based company that provides food services and facilities management solutions to organizations and institutions. Its services include catering, food preparation, hospitality, cleaning, maintenance, reception, security, workplace management and other support services designed to help clients operate their facilities.

The company serves a broad range of customers, including businesses, hospitals and healthcare facilities, schools and universities, government agencies, sports and leisure venues, and remote work sites.