Sodexo (OTCMKTS:SDXAY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $13.04 and traded as low as $13.04. Sodexo shares last traded at $13.14, with a volume of 27,385 shares traded.

Wall Street Analysts Forecast Growth

SDXAY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. Zacks Research upgraded Sodexo from a “strong sell” rating to a “hold” rating in a research note on Friday, September 18th. Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. Citigroup restated a “neutral” rating on shares of Sodexo in a research report on Wednesday, September 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sodexo has an average rating of “Hold”.

Sodexo Stock Performance

The stock has a 50-day moving average price of $13.07 and a two-hundred day moving average price of $11.60.

Sodexo Company Profile

Sodexo (OTCMKTS:SDXAY) is a France-based provider of food services and facilities management. The company serves organizations across the corporate, healthcare, education, government, energy and resources, sports, and leisure sectors.

Its services include on-site catering, dining and hospitality, workplace and building management, cleaning, maintenance, reception, security, and other integrated support services. Sodexo also operates Sodexo Live!, which provides food, hospitality, and event-management services for venues and major events.

Founded in 1966 by Pierre Bellon, Sodexo has expanded from its French roots into an international business serving clients in markets across the Americas, Europe, Asia-Pacific, and other regions.