Verbio (OTCMKTS:VBVBF) Shares Up 6.7% – Still a Buy?

Shares of Verbio SE (OTCMKTS:VBVBF) shot up 6.7% on Wednesday . The company traded as high as $44.05 and last traded at $44.05. 104 shares were traded during trading, a decline of 76% from the average session volume of 441 shares. The stock had previously closed at $41.27.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VBVBF. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Verbio in a report on Monday, April 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Verbio in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Verbio currently has an average rating of “Moderate Buy”.

Verbio Price Performance

The stock has a 50-day simple moving average of $44.30 and a 200 day simple moving average of $29.18.

About Verbio

Verbio AG is a Germany-based renewable energy company focused on the production and sale of biofuels and biogas. The company’s core activities include the manufacturing of bioethanol from agricultural feedstocks such as grain and straw, the processing of rapeseed oil into biodiesel, and the upgrading of biogas into biomethane for injection into natural gas networks. In addition to liquid and gaseous fuels, Verbio produces animal feed and pellets, leveraging by-products from its biofuel plants.

Operating a network of production facilities across Germany—including sites in Leipzig, Schwedt, Zörbig, Neubrandenburg and Pinnow—Verbio serves industrial and utility customers throughout Europe.