Sodexo (OTCMKTS:SDXAY) Sees Large Volume Increase – Here’s Why

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) shares saw unusually-strong trading volume on Thursday. Approximately 247,832 shares changed hands during mid-day trading, an increase of 56% from the previous session’s volume of 158,485 shares. The stock last traded at $12.53 and had previously closed at $12.68.

Analysts Set New Price Targets

A number of research firms have recently commented on SDXAY. Citigroup reiterated a “neutral” rating on shares of Sodexo in a research note on Wednesday, September 9th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. Finally, Zacks Research raised Sodexo from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sodexo presently has a consensus rating of “Hold”.

Sodexo Price Performance

The firm’s 50 day moving average price is $12.92 and its 200-day moving average price is $11.92.

About Sodexo

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.