Sodexo (OTCMKTS:SDXAY) Sees Unusually-High Trading Volume – Still a Buy?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) shares saw unusually-high trading volume on Friday . 510,565 shares changed hands during mid-day trading, an increase of 131% from the previous session’s volume of 221,305 shares.The stock last traded at $11.6525 and had previously closed at $11.69.

Analyst Ratings Changes

SDXAY has been the topic of a number of analyst reports. Jefferies Financial Group raised shares of Sodexo from a “hold” rating to a “buy” rating in a report on Monday, March 30th. Citigroup restated a “neutral” rating on shares of Sodexo in a report on Wednesday, May 20th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sodexo currently has an average rating of “Hold”.

Sodexo Stock Down 0.4%

The firm’s 50 day moving average is $10.84 and its 200-day moving average is $10.56.

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.