Husqvarna AB (publ) (OTCMKTS:HSQVY) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Husqvarna AB (publ) (OTCMKTS:HSQVY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.35 and traded as low as $9.73. Husqvarna AB (publ) shares last traded at $9.73, with a volume of 836 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Husqvarna AB (publ) in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Husqvarna AB (publ) Price Performance

The business has a 50 day moving average price of $10.07 and a 200 day moving average price of $10.35.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last issued its quarterly earnings results on Wednesday, February 4th. The company reported ($0.29) EPS for the quarter. The business had revenue of $789.91 million during the quarter.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.