SGS (OTCMKTS:SGSOY) Sees Large Volume Increase – What’s Next?

Shares of SGS SA (OTCMKTS:SGSOY) saw unusually-strong trading volume on Friday . Approximately 253,255 shares changed hands during mid-day trading, an increase of 265% from the previous session’s volume of 69,458 shares.The stock last traded at $12.22 and had previously closed at $12.05.

Analysts Set New Price Targets

Several analysts have recently commented on SGSOY shares. Citigroup restated a “buy” rating on shares of SGS in a research note on Tuesday, October 28th. Morgan Stanley cut SGS from an “equal weight” rating to a “cautious” rating in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

SGS Trading Up 1.7%

The company has a debt-to-equity ratio of 3.83, a current ratio of 1.13 and a quick ratio of 1.01. The company’s 50-day moving average is $11.69 and its two-hundred day moving average is $11.04.

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.