SGS (OTCMKTS:SGSOY) Sets New 1-Year High – Here’s What Happened

SGS SA (OTCMKTS:SGSOY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $11.69 and last traded at $11.69, with a volume of 9142 shares traded. The stock had previously closed at $11.43.

Wall Street Analyst Weigh In

SGSOY has been the topic of several recent research reports. Morgan Stanley cut shares of SGS from an “equal weight” rating to a “cautious” rating in a research report on Tuesday. The Goldman Sachs Group upgraded SGS from a “strong sell” rating to a “neutral” rating in a report on Thursday, October 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of SGS in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SGS has an average rating of “Moderate Buy”.

SGS Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 3.83. The firm has a fifty day moving average price of $11.27 and a 200-day moving average price of $10.72.

About SGS

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.