Eurofins Scientific (OTCMKTS:ERFSF) Share Price Passes Above 50-Day Moving Average – What’s Next?

Eurofins Scientific SE (OTCMKTS:ERFSF)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $51.25 and traded as high as $52.84. Eurofins Scientific shares last traded at $51.64, with a volume of 2,833 shares changing hands.

Analyst Upgrades and Downgrades

ERFSF has been the topic of a number of analyst reports. Berenberg Bank lowered Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Barclays lowered Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th. Finally, Sanford C. Bernstein raised Eurofins Scientific from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 3rd.

Eurofins Scientific Stock Performance

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 is $51.25 and its 200-day moving average is $53.64.

Eurofins Scientific Company Profile

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.