Zacks Investment Research downgraded Sothebys (NYSE:BID) to Sell in a report released today.
- Updated: March 20, 2017
Yesterday Sothebys (NYSE:BID) traded -0.61% lower at $47.58. The company’s 50-day moving average is $43.25 and its 200-day moving average is $39.56. The last stock close price is up 20.27% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 805,184 shares of the stock were exchanged, up from an average trading volume of 581,941
Zacks Investment Research has downgraded Sothebys (NYSE:BID) to Sell in a report released on 03/20/2017.
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With a total market value of $0, Sothebys has price-earnings ratio of 37.46 with a one year low of $24.20 and a one year high of $49.87 .
A total of 4 brokerages have issued a ratings update on BID. zero analysts rating the company a strong buy, zero analysts rating the company a buy, six equity analysts rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $26.25.
General Information About Sothebys (NYSE:BID)
Sotheby's is a global art business company. The Company operates in two segments: Agency and Finance. The Agency segment earns commissions by matching buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. Agency segment activities also include the sale of artworks that are principally acquired incidental to the auction process and the activities of RM Sotheby's. The Finance segment earns interest income through art-related financing activities by making loans that are secured by works of art. Its activities include Sotheby's retail wine operations, Acquavella Modern Art, an equity investee, and sales of the remaining inventory of Noortman Master Paintings, an art dealer that was owned and operated by Sotheby's are reported within all other segment.
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