Geberit (OTCMKTS:GBERY) Stock Price Down 1% – Here’s What Happened

Shares of Geberit AG (OTCMKTS:GBERY) were down 1% during mid-day trading on Wednesday . The stock traded as low as $64.1850 and last traded at $64.47. 9,874 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 15,102 shares. The stock had previously closed at $65.1050.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley restated an “underweight” rating on shares of Geberit in a report on Thursday, July 2nd. Zacks Research raised 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. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Geberit Stock Down 1.0%

The stock has a market capitalization of $21.87 billion and a PE ratio of 52.67. The stock has a fifty day moving average of $64.62 and a 200-day moving average of $70.17.

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.