SEGRO (OTCMKTS:SEGXF) Shares Down 6.7% – Should You Sell?

SEGRO (OTCMKTS:SEGXF)’s stock price fell 6.7% during mid-day trading on Wednesday . The company traded as low as $8.91 and last traded at $8.96. 300 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,586 shares. The stock had previously closed at $9.60.

Analyst Upgrades and Downgrades

SEGXF has been the topic of a number of recent analyst reports. UBS Group cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Zacks Research raised SEGRO to a “hold” rating in a report on Wednesday, March 11th. Jefferies Financial Group upgraded SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. Finally, The Goldman Sachs Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, SEGRO presently has a consensus rating of “Reduce”.

SEGRO Trading Down 2.7%

The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $10.27 and a two-hundred day moving average price of $9.64.

About SEGRO

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.