EFG International (OTCMKTS:EFGXY) Shares Down 12.1% – Should You Sell?

EFG International AG (OTCMKTS:EFGXY)’s share price was down 12.1% during trading on Friday. The stock traded as low as C$18.29 and last traded at C$18.29. 364 shares traded hands during trading, an increase of 133% from the average session volume of 156 shares. The stock had previously closed at C$20.80.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “buy” rating on shares of EFG International in a research report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, EFG International presently has an average rating of “Hold”.

EFG International Price Performance

The stock’s 50-day moving average is C$21.19 and its 200 day moving average is C$22.27.

About EFG International

EFG International AG is a Switzerland-based private banking group headquartered in Zurich. Through its banking and wealth management subsidiaries, the company provides services to private clients, entrepreneurs, families and institutional investors.

Its principal activities include wealth planning, investment advisory and discretionary portfolio management, financing, lending, brokerage, and custody services. EFG also offers investment products and solutions through its asset management and capital markets operations, with a focus on helping clients manage and preserve their wealth across generations.

EFG International was founded in 1995 and is active through a network of private banks and offices in Switzerland, Europe, the Middle East, Asia-Pacific and the Americas.