Nemetschek (OTCMKTS:NEMTF) Stock Price Up 15.9% – Here’s Why

Nemetschek SE (OTCMKTS:NEMTF – Get Free Report) rose 15.9% during trading on Tuesday. The company traded as high as $82.5265 and last traded at $82.5265. 158 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 291 shares. The stock had previously closed at $71.21.

Nemetschek Price Performance

The company’s 50 day moving average price is $61.43 and its two-hundred day moving average price is $73.27.

About Nemetschek

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Nemetschek SE is a Germany-based software company that develops solutions for the architecture, engineering, construction, and media and entertainment industries. Its products support digital design, building information modeling (BIM), project collaboration, construction management, and the creation of visual content.

The company’s portfolio includes brands such as Allplan, Graphisoft, Vectorworks, Bluebeam, Solibri, and Maxon. These brands provide tools for architectural and engineering design, technical documentation, construction workflows, model checking, document collaboration, and 3D modeling, rendering, and animation.

Founded in 1963 by Georg Nemetschek, the company has expanded from its origins in structural engineering software into an international provider of industry-specific software.

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