Sodexo (OTCMKTS:SDXAY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Shares of Sodexo S.A. (OTCMKTS:SDXAY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.20 and traded as low as $14.59. Sodexo shares last traded at $14.68, with a volume of 58,689 shares changing hands.

Wall Street Analyst Weigh In

Separately, BNP Paribas lowered Sodexo from a “neutral” rating to an “underperform” rating in a report on Thursday, January 16th.

Sodexo Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The company’s 50 day moving average price is $16.20 and its 200-day moving average price is $17.20.

Sodexo Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were given a $0.5696 dividend. The ex-dividend date of this dividend was 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.