Sodexo (OTCMKTS:SDXAY) Shares Gap Up – Here’s What Happened

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $11.56, but opened at $12.27. Sodexo shares last traded at $12.38, with a volume of 4,306 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on SDXAY shares. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research report on Wednesday, May 20th. Jefferies Financial Group raised Sodexo from a “hold” rating to a “buy” rating in a research report on Monday, March 30th. Finally, Morgan Stanley restated an “underweight” rating on shares of Sodexo in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sodexo has a consensus rating of “Hold”.

Sodexo Trading Up 7.5%

The firm’s fifty day moving average price is $10.97 and its 200-day moving average price is $10.59.

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.