SGS (OTCMKTS:SGSOY) Sets New 1-Year High – Still a Buy?

SGS SA (OTCMKTS:SGSOY)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $12.02 and last traded at $12.0190, with a volume of 48842 shares changing hands. The stock had previously closed at $11.89.

Wall Street Analyst Weigh In

SGSOY has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of SGS in a research note on Tuesday, October 28th. The Goldman Sachs Group upgraded SGS from a “strong sell” rating to a “neutral” rating in a report on Thursday, October 9th. Finally, Morgan Stanley lowered SGS from an “equal weight” rating to a “cautious” rating in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SGS currently has a consensus rating of “Moderate Buy”.

SGS Stock Up 1.4%

The company’s 50-day simple moving average is $11.39 and its 200 day simple moving average is $10.84. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 3.83.

SGS Company Profile

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.