Eurofins Scientific (OTCMKTS:ERFSF) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Eurofins Scientific SE (OTCMKTS:ERFSF) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $52.26 and traded as high as $55.99. Eurofins Scientific shares last traded at $52.52, with a volume of 221 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ERFSF shares. Barclays downgraded shares of Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th. Sanford C. Bernstein raised shares of Eurofins Scientific from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Berenberg Bank downgraded shares of Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Citigroup reissued a “neutral” rating on shares of Eurofins Scientific in a research note on Monday, February 3rd.

Eurofins Scientific Trading Down 4.5 %

The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 0.64. The firm’s fifty day moving average price is $52.40 and its 200-day moving average price is $53.08.

About Eurofins Scientific

Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company offers a portfolio of various analytical methods and tests to evaluate the safety, identity, composition, authenticity, origin, traceability, and purity of various products.