Société Générale Société anonyme (OTCMKTS:SCGLY) Share Price Passes Below 50-Day Moving Average of $4.89
Société Générale Société anonyme (OTCMKTS:SCGLY) stock has fallen below its 50-day moving average of $0.89, trading as low as $0.73 before closing at $0.75 with a volume of 401,879 shares. Analysts have given the stock a "Hold" rating, with Berenberg Bank recently upgrading its rating. The company reported a net margin of 9.04% and expects an EPS of 0.9 for the current fiscal year. Despite the downgrade, the company's financial services span various sectors, including retail and corporate banking.
Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.89 and traded as low as $4.73. Société Générale Société anonyme shares last traded at $4.75, with a volume of 401,879 shares.
Analysts Set New Price Targets
Separately, Berenberg Bank raised shares of Société Générale Société anonyme to a "hold" rating in a research report on Monday, August 5th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".
Get Our Latest Report on SCGLY
Société Générale Société anonyme Stock Performance
The company has a market cap of $19.29 billion, a P/E ratio of 10.11, a PEG ratio of 0.10 and a beta of 1.43. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 3.73. The company has a 50 day moving average price of $4.89 and a 200-day moving average price of $5.19.
Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.25 earnings per share for the quarter. The business had revenue of $7.20 billion during the quarter. Société Générale Société anonyme had a net margin of 9.04% and a return on equity of 3.30%. Equities analysts expect that Société Générale Société anonyme will post 0.9 EPS for the current fiscal year.
Société Générale Société anonyme Company Profile
(Get Free Report)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.
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