Sodexo (OTCMKTS:SDXAY) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.51 and traded as high as $11.4418. Sodexo shares last traded at $11.39, with a volume of 33,293 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on SDXAY. Morgan Stanley restated an “underweight” rating on shares of Sodexo in a research report on Thursday, May 21st. Jefferies Financial Group upgraded Sodexo from a “hold” rating to a “buy” rating in a research report on Monday, March 30th. Finally, Citigroup restated a “neutral” rating on shares of Sodexo in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sodexo presently has a consensus rating of “Hold”.

Sodexo Trading Up 1.5%

The company has a 50-day moving average price of $10.55 and a 200-day moving average price of $10.49.

Sodexo Company Profile

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.