Eurofins Scientific (OTCMKTS:ERFSF) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Eurofins Scientific SE (OTCMKTS:ERFSF) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $52.26 and traded as high as $55.99. Eurofins Scientific shares last traded at $52.52, with a volume of 221 shares.

Analysts Set New Price Targets

Several research firms have recently issued reports on ERFSF. Barclays lowered shares of Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th. Sanford C. Bernstein upgraded shares of Eurofins Scientific from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Berenberg Bank lowered shares of Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Citigroup restated a “neutral” rating on shares of Eurofins Scientific in a research report on Monday, February 3rd.

Eurofins Scientific Price Performance

The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The business’s 50-day simple moving average is $52.40 and its two-hundred day simple moving average is $53.08.

About Eurofins Scientific

Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company offers a portfolio of various analytical methods and tests to evaluate the safety, identity, composition, authenticity, origin, traceability, and purity of various products.