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

Eurofins Scientific SE (OTCMKTS:ERFSF) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

Analyst Ratings Changes

ERFSF has been the topic of a number of recent research reports. Berenberg Bank downgraded shares of Eurofins Scientific from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Citigroup reiterated a “neutral” rating on shares of Eurofins Scientific in a 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, Sanford C. Bernstein upgraded shares of Eurofins Scientific from a “hold” rating to a “strong-buy” rating in a report on Monday, February 3rd.

Eurofins Scientific Stock Performance

The stock’s fifty day moving average is $52.26 and its two-hundred day moving average is $53.06. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64.

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.