Palfinger (OTCMKTS:PLFRF) Trading Down 3% – Here’s Why

Palfinger AG (OTCMKTS:PLFRFGet Free Report) shares were down 3% on Friday . The stock traded as low as $36.10 and last traded at $36.10. 300 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 225 shares. The stock had previously closed at $37.20.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Palfinger in a research report on Monday, July 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Get Our Latest Stock Report on Palfinger

Palfinger Price Performance

The business has a 50 day simple moving average of $38.64 and a 200-day simple moving average of $39.76.

Palfinger Company Profile

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Palfinger (OTCMKTS:PLFRF) is a global manufacturer of hydraulic lifting, loading and handling systems. Headquartered in Salzburg, Austria, the company offers a wide range of products including knuckle boom cranes, hook loaders, tail lifts and maritime cranes. These solutions are used across industries such as construction, transportation, waste management and offshore energy, providing vital equipment for material handling and lifting tasks on trucks, ships and stationary platforms.

Founded in 1932 by Richard Palfinger, the company has grown from a small regional workshop into an international technology leader.

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