Signify (OTCMKTS:SFFYF) Stock Price Down 6.3% – Time to Sell?

Signify (OTCMKTS:SFFYF)’s stock price traded down 6.3% during trading on Thursday . The stock traded as low as $22.87 and last traded at $22.87. 710 shares changed hands during trading, an increase of 41% from the average session volume of 503 shares. The stock had previously closed at $24.40.

Wall Street Analyst Weigh In

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

Signify Price Performance

The business has a 50 day simple moving average of $23.42 and a 200 day simple moving average of $25.06.

Signify Company Profile

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.