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Société Générale Société anonyme (OTCMKTS:SCGLY) Share Price Passes Below 50-Day Moving Average - Here's Why

Société Générale Société anonyme logo with Finance background

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) crossed 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 trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SCGLY. Barclays upgraded shares of Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Kepler Capital Markets lowered shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Société Générale Société anonyme has an average rating of "Moderate Buy".

Get Our Latest Stock Analysis on SCGLY

Société Générale Société anonyme Price Performance

The firm has a market cap of $36.21 billion, a P/E ratio of 9.05, a P/E/G ratio of 0.26 and a beta of 0.92. The company has a fifty day moving average of $8.52 and a 200-day moving average of $6.64. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.35 and a quick ratio of 1.35.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. On average, sell-side analysts anticipate that Société Générale Société anonyme will post 1.14 EPS for the current fiscal year.

About Société Générale Société anonyme

(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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