Signify (OTCMKTS:SFFYF) Shares Down 19.1% – Here’s What Happened

Signify (OTCMKTS:SFFYFGet Free Report) dropped 19.1% on Monday . The company traded as low as $19.10 and last traded at $19.10. Approximately 1,000 shares were traded during trading, an increase of 119% from the average session volume of 457 shares. The stock had previously closed at $23.61.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Signify to a “neutral” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on SFFYF

Signify Trading Down 19.1%

The company’s 50-day simple moving average is $22.68 and its 200 day simple moving average is $22.83.

Signify Company Profile

(Get Free Report)

Signify N.V. (OTCMKTS: SFFYF) is a global leader in lighting products, systems and services. Established as a standalone company following its spin-off from Koninklijke Philips N.V. in 2016, Signify leverages decades of expertise in illumination technology. The company’s offerings span conventional and energy-efficient LED lamps, luminaires and connected lighting systems designed for both professional and consumer markets.

Signify’s product portfolio includes smart lighting solutions under the Philips Hue brand, digital lighting controls, and Internet of Things (IoT) enabled platforms such as Interact.

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