Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $93.00 and traded as low as $82.2625. Beiersdorf Aktiengesellschaft shares last traded at $84.0850, with a volume of 517 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BDRFF shares. Berenberg Bank reaffirmed a “hold” rating on shares of Beiersdorf Aktiengesellschaft in a research note on Monday, March 23rd. Morgan Stanley downgraded Beiersdorf Aktiengesellschaft from an “equal weight” rating to an “underweight” rating in a research note on Monday, March 16th. Royal Bank Of Canada downgraded Beiersdorf Aktiengesellschaft from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, March 10th. UBS Group raised Beiersdorf Aktiengesellschaft from a “sell” rating to a “neutral” rating in a research note on Tuesday, March 31st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Beiersdorf Aktiengesellschaft in a research note on Wednesday, March 18th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Beiersdorf Aktiengesellschaft currently has an average rating of “Reduce”.

Beiersdorf Aktiengesellschaft Stock Up 0.4%

The firm’s 50 day simple moving average is $93.00 and its 200 day simple moving average is $103.38.

Beiersdorf Aktiengesellschaft Company Profile

Beiersdorf Aktiengesellschaft is a global consumer goods company headquartered in Hamburg, Germany, with a history dating back to its founding in 1882 by pharmacist Paul C. Beiersdorf. The company is best known for its skincare brands, including NIVEA, Eucerin, La Prairie and Labello, as well as its tesa division, which produces self-adhesive products and industrial tapes. Over its long history, Beiersdorf has built a reputation for innovation in dermatological research and product development, introducing pioneering formulations that span mass-market and premium segments.

The company’s operations are organized into two main business divisions.