Sodexo (OTCMKTS:SDXAY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.51 and traded as high as $11.4418. Sodexo shares last traded at $11.39, with a volume of 33,293 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research report on Wednesday, May 20th. Jefferies Financial Group raised shares of Sodexo from a “hold” rating to a “buy” rating in a research report on Monday, March 30th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a research report on Thursday, May 21st. One investment 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sodexo Price Performance

The business’s 50 day moving average is $10.51 and its 200 day moving average is $10.48.

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.