Sodexo (OTCMKTS:SDXAY) Sees Large Volume Increase – Here’s Why

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) shares saw an uptick in trading volume on Thursday. 247,832 shares traded hands during mid-day trading, an increase of 56% from the previous session’s volume of 158,485 shares. The stock last traded at $12.53 and had previously closed at $12.68.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Sodexo from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Morgan Stanley reiterated an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sodexo in a research report on Friday, July 3rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. Finally, Citigroup restated a “neutral” rating on shares of Sodexo in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Sodexo Stock Performance

The company has a 50-day moving average of $12.91 and a two-hundred day moving average of $11.94.

Sodexo Company Profile

Sodexo SA is a France-based company that provides food services and facilities management solutions to organizations and institutions. Its services include catering, food preparation, hospitality, cleaning, maintenance, reception, security, workplace management and other support services designed to help clients operate their facilities.

The company serves a broad range of customers, including businesses, hospitals and healthcare facilities, schools and universities, government agencies, sports and leisure venues, and remote work sites.