Sodexo (OTCMKTS:SDXAY) Hits New 52-Week High – Here’s Why

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) hit a new 52-week high on Wednesday . The company traded as high as $13.4050 and last traded at $13.3902, with a volume of 1706 shares. The stock had previously closed at $13.26.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SDXAY. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Sodexo in a research report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sodexo has a consensus rating of “Hold”.

Sodexo Price Performance

The company has a 50 day moving average price of $12.53 and a 200 day moving average price of $11.30.

About Sodexo

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.