SGS (OTCMKTS:SGSOY) Hits New 52-Week High – Still a Buy?

SGS SA (OTCMKTS:SGSOY)’s share price hit a new 52-week high on Monday . The stock traded as high as $11.93 and last traded at $11.93, with a volume of 720 shares changing hands. The stock had previously closed at $11.80.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of SGS in a research report on Tuesday, October 28th. The Goldman Sachs Group raised shares of SGS from a “strong sell” rating to a “neutral” rating in a report on Thursday, October 9th. Finally, Morgan Stanley lowered shares of SGS from an “equal weight” rating to a “cautious” rating in a report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, SGS currently has a consensus rating of “Moderate Buy”.

SGS Stock Up 0.2%

The stock has a fifty day moving average price of $11.30 and a two-hundred day moving average price of $10.75. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.13 and a quick ratio of 1.01.

SGS Company Profile

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.