Sodexo (OTCMKTS:SDXAY) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Sodexo S.A. (OTCMKTS:SDXAY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.06 and traded as low as $16.83. Sodexo shares last traded at $17.03, with a volume of 20,210 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Sodexo to a “strong-buy” rating in a report on Monday, September 16th.

Sodexo Stock Performance

The business’s fifty day simple moving average is $17.06 and its 200-day simple moving average is $17.90. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

Sodexo Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.5696 dividend. The ex-dividend date is Friday, December 20th.

Sodexo Company Profile

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.