SEGRO (OTCMKTS:SEGXF) Sees Unusually-High Trading Volume – Here’s What Happened

SEGRO (OTCMKTS:SEGXF) saw strong trading volume on Friday . 4,000 shares changed hands during mid-day trading, an increase of 132% from the previous session’s volume of 1,726 shares.The stock last traded at $11.74 and had previously closed at $11.7984.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BNP Paribas Exane assumed coverage on shares of SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday. Finally, The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

SEGRO Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The company’s fifty day moving average is $10.19 and its two-hundred day moving average is $10.00.

About SEGRO

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.