Compass Group (OTCMKTS:CMPGY) Sees Strong Trading Volume – Here’s What Happened

Shares of Compass Group PLC (OTCMKTS:CMPGY) saw unusually-strong trading volume on Wednesday. Approximately 718,381 shares were traded during trading, an increase of 82% from the previous session’s volume of 393,670 shares. The stock last traded at $33.3150 and had previously closed at $32.82.

Wall Street Analyst Weigh In

Separately, Compass Point set a $36.00 price objective on shares of Compass Group in a report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average target price of $36.00.

Compass Group Price Performance

The stock has a 50 day simple moving average of $30.86 and a 200-day simple moving average of $31.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.63 and a current ratio of 0.70.

Compass Group Company Profile

Compass Group plc is a United Kingdom-based provider of food and support services. The company serves meals and manages dining operations for businesses, schools and universities, hospitals, sports and leisure venues, defense organizations, remote sites and other institutions. Its services may include catering, hospitality, food procurement, facilities management and related workplace support.

Compass operates through a portfolio of brands tailored to different customer sectors and markets.