SGS (OTCMKTS:SGSOY) Sets New 52-Week High – Here’s Why

Shares of SGS SA (OTCMKTS:SGSOY) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $12.7599 and last traded at $12.7599, with a volume of 11,497 shares. The stock had previously closed at $12.49.

Analysts Set New Price Targets

Several research firms recently commented on SGSOY. Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a report on Monday, October 26th. Citigroup reiterated a “buy” rating on shares of SGS in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

SGS Trading Up 1.8%

The company’s 50-day simple moving average is $11.64 and its two-hundred day simple moving average is $11.50.

About SGS

SGS SA is a Switzerland-based provider of testing, inspection and certification services. Headquartered in Geneva, the company helps businesses, governments and other organizations assess the quality, safety, performance and compliance of products, processes and systems.

Its services include laboratory testing, product and commodity inspection, auditing, certification, verification, consulting and technical support. SGS serves a broad range of industries, including agriculture and food, chemicals, consumer goods, energy, mining, construction, manufacturing, transportation, pharmaceuticals and environmental services.

Founded in 1878, SGS has developed into an international network serving clients across Europe, the Americas, Asia-Pacific, Africa and the Middle East.