Société Générale Société anonyme (OTCMKTS:SCGLY) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.41 and traded as low as $8.32. Société Générale Société anonyme shares last traded at $8.68, with a volume of 832,001 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SCGLY shares. Kepler Capital Markets downgraded Société Générale Société anonyme from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Barclays upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Stock Performance

The stock has a market cap of $34.73 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 0.26 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61. The stock has a 50 day simple moving average of $8.41 and a 200 day simple moving average of $6.57.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 4.49% and a net margin of 14.96%. On average, equities analysts expect that Société Générale Société anonyme will post 1.14 earnings per share for the current year.

About Société Générale Société anonyme

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.