Sodexo (OTCMKTS:SDXAY) Shares Gap Up – Should You Buy?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $11.14, but opened at $11.6360. Sodexo shares last traded at $11.62, with a volume of 3,646 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on SDXAY. Jefferies Financial Group raised Sodexo from a “hold” rating to a “buy” rating in a research note on Monday, March 30th. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research note on Wednesday, May 20th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sodexo currently has a consensus rating of “Hold”.

Sodexo Stock Performance

The business has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $10.44.

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.