SGS SA (OTCMKTS:SGSOY) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 38,100 shares, a growth of 152.3% from the September 15th total of 15,100 shares. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is presently 0.8 days.
Several research analysts have weighed in on SGSOY shares. HSBC upgraded SGS from a “hold” rating to a “buy” rating in a research note on Wednesday, July 28th. Oddo Bhf raised SGS from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 21st. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.00.
OTCMKTS:SGSOY traded up $0.60 during midday trading on Thursday, hitting $29.69. 18,354 shares of the company traded hands, compared to its average volume of 24,182. The firm’s fifty day moving average is $30.72 and its 200-day moving average is $30.66. SGS has a 12-month low of $24.73 and a 12-month high of $32.73. The firm has a market capitalization of $22.25 billion, a P/E ratio of 35.77 and a beta of 0.63. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 2.11.
SGS SA is engages in the provision of inspection, verification, testing, certification and quality assurance services. It operates through the following segments: Agriculture, Food and Life, Mineral Services, Oil, Gas and Chemicals Services, Consumer and Retail Services, Certification and Business Enhancement, Industrial Services, Environment, Health and Safety Services, Transportation Services, and Governments and Institutions Services.
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