Geberit (OTCMKTS:GBERY) Hits New 12-Month Low – Here’s Why

Geberit AG (OTCMKTS:GBERY) reached a new 52-week low during trading on Thursday . The stock traded as low as $61.83 and last traded at $62.27, with a volume of 8103 shares traded. The stock had previously closed at $63.43.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Geberit to a “hold” rating in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Geberit Trading Down 1.5%

The firm’s 50-day simple moving average is $66.44 and its 200 day simple moving average is $73.37. The stock has a market cap of $20.95 billion and a P/E ratio of 52.67.

Geberit Company Profile

Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.

Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.