SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Here’s What Happened

SEGRO (OTCMKTS:SEGXF)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $9.96, but opened at $9.27. SEGRO shares last traded at $9.27, with a volume of 1,351 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of SEGRO to a “hold” rating in a research report on Wednesday, March 11th. Jefferies Financial Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, UBS Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

SEGRO Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The firm’s 50 day moving average price is $9.75 and its 200-day moving average price is $9.75.

About SEGRO

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.