Signify (OTCMKTS:SFFYF) Shares Up 3.5% – Still a Buy?

Signify (OTCMKTS:SFFYFGet Free Report) shares were up 3.5% on Monday . The company traded as high as $23.45 and last traded at $23.45. Approximately 710 shares traded hands during trading, a decline of 67% from the average daily volume of 2,164 shares. The stock had previously closed at $22.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays reaffirmed an “underweight” rating on shares of Signify in a research note on Wednesday, December 3rd. Morgan Stanley lowered Signify from an “overweight” rating to an “underweight” rating in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, Signify has a consensus rating of “Sell”.

Get Our Latest Research Report on SFFYF

Signify Price Performance

The stock’s 50-day moving average price is $23.64 and its 200-day moving average price is $25.30.

About Signify

(Get Free Report)

Signify N.V. (OTCMKTS: SFFYF) is a global leader in lighting products, systems and services. Established as a standalone company following its spin-off from Koninklijke Philips N.V. in 2016, Signify leverages decades of expertise in illumination technology. The company’s offerings span conventional and energy-efficient LED lamps, luminaires and connected lighting systems designed for both professional and consumer markets.

Signify’s product portfolio includes smart lighting solutions under the Philips Hue brand, digital lighting controls, and Internet of Things (IoT) enabled platforms such as Interact.

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