SGS (OTCMKTS:SGSOY) Reaches New 12-Month High – Should You Buy?

SGS SA (OTCMKTS:SGSOY) shares reached a new 52-week high during trading on Wednesday. The stock traded as high as $12.7599 and last traded at $12.7599, with a volume of 11,497 shares traded. The stock had previously closed at $12.49.

Analyst Ratings Changes

A number of research firms recently commented on SGSOY. Citigroup reiterated a “buy” rating on shares of SGS in a research report on Wednesday, October 28th. Royal Bank Of Canada reissued a “sector perform” rating on shares of SGS in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SGS presently has an average rating of “Moderate Buy”.

SGS Trading Up 1.8%

The stock’s 50-day simple moving average is $11.64 and its 200 day simple moving average is $11.50.

About SGS

SGS SA is a Switzerland-based provider of testing, inspection and certification services. Headquartered in Geneva, the company helps businesses, governments and other organizations assess the quality, safety, performance and compliance of products, processes and systems.

Its services include laboratory testing, product and commodity inspection, auditing, certification, verification, consulting and technical support. SGS serves a broad range of industries, including agriculture and food, chemicals, consumer goods, energy, mining, construction, manufacturing, transportation, pharmaceuticals and environmental services.

Founded in 1878, SGS has developed into an international network serving clients across Europe, the Americas, Asia-Pacific, Africa and the Middle East.