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

Eurofins Scientific SE (OTCMKTS:ERFSF)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $53.53 and traded as high as $55.21. Eurofins Scientific shares last traded at $53.51, with a volume of 287 shares traded.

Analysts Set New Price Targets

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

Eurofins Scientific Price Performance

The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $53.53 and a 200-day moving average price of $52.81.

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.