Eurofins Scientific (OTCMKTS:ERFSF) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Eurofins Scientific SE (OTCMKTS:ERFSF) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $52.99 and traded as high as $56.02. Eurofins Scientific shares last traded at $56.02, with a volume of 3,814 shares trading hands.

Wall Street Analysts Forecast Growth

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

Eurofins Scientific Trading Down 0.0 %

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 business has a 50 day moving average price of $53.12 and a two-hundred day moving average price of $52.96.

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.