Signify (OTCMKTS:SFFYF) Trading Up 3.5% – Here’s Why

Shares of Signify (OTCMKTS:SFFYF) were up 3.5% on Monday . The stock traded as high as $23.45 and last traded at $23.45. Approximately 710 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 2,164 shares. The stock had previously closed at $22.65.

Analysts Set New Price Targets

Several equities research analysts recently commented on SFFYF shares. Morgan Stanley cut Signify from an “overweight” rating to an “underweight” rating in a research note on Monday, December 8th. Barclays restated an “underweight” rating on shares of Signify in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Signify Price Performance

The business has a 50-day moving average of $23.64 and a 200 day moving average of $25.30.

Signify Company Profile

Signify N.V. (OTCMKTS: SFFYF) is a global leader in lighting products, systems and services. Established as a standalone company following its spin-off from Koninklijke Philips N.V. in 2016, Signify leverages decades of expertise in illumination technology. The company’s offerings span conventional and energy-efficient LED lamps, luminaires and connected lighting systems designed for both professional and consumer markets.

Signify’s product portfolio includes smart lighting solutions under the Philips Hue brand, digital lighting controls, and Internet of Things (IoT) enabled platforms such as Interact.