Sodexo (OTCMKTS:SDXAY) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.26 and traded as high as $10.35. Sodexo shares last traded at $10.2538, with a volume of 58,306 shares trading hands.

Wall Street Analysts Forecast Growth

SDXAY has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Sodexo from a “hold” rating to a “buy” rating in a report on Monday, March 30th. Morgan Stanley cut Sodexo from an “overweight” rating to an “underweight” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sodexo presently has a consensus rating of “Hold”.

Sodexo Stock Up 0.2%

The company has a 50 day moving average price of $10.26 and a 200 day moving average price of $10.60. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.03.

About Sodexo

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.