Sodexo (OTCMKTS:SDXAY) Hits New 52-Week Low on Analyst Downgrade

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) hit a new 52-week low during mid-day trading on Friday after Citigroup downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $10.51 and last traded at $10.5450, with a volume of 3534 shares. The stock had previously closed at $10.66.

SDXAY has been the subject of a number of other reports. Zacks Research downgraded Sodexo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Berenberg Bank downgraded shares of Sodexo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Finally, Kepler Capital Markets cut shares of Sodexo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Eight research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sodexo currently has a consensus rating of “Reduce”.

Sodexo Trading Down 1.2%

The stock’s fifty day moving average price is $11.76 and its 200 day moving average price is $12.20. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.18.

About Sodexo

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.