Husqvarna AB (publ) (OTCMKTS:HSQVY) Releases Quarterly Earnings Results

Husqvarna AB (publ) (OTCMKTS:HSQVY) posted its quarterly earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, Zacks reports.

Husqvarna AB (publ) Stock Performance

OTCMKTS:HSQVY traded up $1.29 during mid-day trading on Thursday, reaching $9.94. The stock had a trading volume of 2,518 shares, compared to its average volume of 114,741. The firm has a 50 day moving average price of $8.76 and a two-hundred day moving average price of $9.54. Husqvarna AB has a one year low of $7.44 and a one year high of $12.20.

Wall Street Analyst Weigh In

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

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.