Eurofins Scientific (OTCMKTS:ERFSF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of Eurofins Scientific SE (OTCMKTS:ERFSF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $49.80 and traded as low as $47.62. Eurofins Scientific shares last traded at $49.97, with a volume of 4,010 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Eurofins Scientific to a “strong-buy” rating in a research report on Monday, October 7th.

Eurofins Scientific Stock Down 6.9 %

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 firm has a 50-day moving average of $49.80 and a two-hundred day moving average of $53.92.

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.