Serco Group (OTCMKTS:SECCF) Shares Down 3.5% – Here’s What Happened

Serco Group plc (OTCMKTS:SECCF) dropped 3.5% on Wednesday . The stock traded as low as $3.74 and last traded at $3.74. Approximately 1,000 shares were traded during trading, a decline of 69% from the average daily volume of 3,267 shares. The stock had previously closed at $3.8750.

Wall Street Analysts Forecast Growth

SECCF has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Serco Group in a research report on Tuesday, February 10th. BNP Paribas Exane initiated coverage on Serco Group in a research report on Monday, April 27th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Serco Group Stock Performance

The company has a 50-day moving average of $3.84 and a two-hundred day moving average of $3.62.

About Serco Group

Serco Group plc is a UK-based provider of public services and infrastructure management solutions, serving governments and private sector organizations around the world. The company offers end-to-end delivery of mission-critical services, combining operational expertise with technology and consultancy capabilities to support defense, security, transport, health, and citizen services.

In the defense and security sector, Serco delivers training, simulation, and logistics support to armed forces and intelligence agencies.