Sodexo (OTCMKTS:SDXAY) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.66 and traded as high as $11.97. Sodexo shares last traded at $11.8950, with a volume of 88,150 shares trading hands.

Wall Street Analyst Weigh In

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

Sodexo Stock Performance

The business’s 50 day moving average price is $10.66 and its 200-day moving average price is $10.52.

Sodexo Company Profile

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.