SSP Group (OTCMKTS:SSPPF) Sets New 12-Month High – Time to Buy?

Shares of SSP Group (OTCMKTS:SSPPF) reached a new 52-week high on Friday . The company traded as high as $2.51 and last traded at $2.51, with a volume of 22087 shares traded. The stock had previously closed at $2.50.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SSPPF. UBS Group restated a “neutral” rating on shares of SSP Group in a research note on Monday, December 8th. Citigroup reiterated a “buy” rating on shares of SSP Group in a report on Thursday. Finally, Barclays downgraded SSP Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, SSP Group currently has an average rating of “Hold”.

SSP Group Stock Performance

The firm has a 50-day moving average of $2.13 and a 200-day moving average of $2.18. The company has a debt-to-equity ratio of 6.39, a current ratio of 0.44 and a quick ratio of 0.40.

About SSP Group

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.