Aroundtown (OTCMKTS:AANNF) Shares Climb 3.8% – Still a Buy?

Shares of Aroundtown SA (OTCMKTS:AANNF) shot up 3.8% on Monday. The stock traded as high as $1.64 and last traded at $1.63. Approximately 13,000 shares traded hands during trading, an increase of 228% from the average daily volume of 3,967 shares. The stock had previously closed at $1.57.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AANNF shares. The Goldman Sachs Group lowered Aroundtown from a “neutral” rating to a “sell” rating in a report on Monday, October 12th. Morgan Stanley reissued an “underweight” rating on shares of Aroundtown in a report on Tuesday, September 1st. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Aroundtown Stock Performance

The stock’s fifty day moving average is $2.05 and its two-hundred day moving average is $2.66.

About Aroundtown

Aroundtown SA is a Luxembourg-based real estate company focused on owning, managing and developing income-producing properties, primarily in Germany and the Netherlands. Its portfolio includes commercial real estate such as office buildings, hotels, logistics facilities and other properties in major urban markets.

The company also has exposure to the residential real estate sector through its investment in Grand City Properties, which owns and manages residential properties, principally in Germany.