NIBE Industrier AB (publ) (OTCMKTS:NDRBF) Stock Price Down 2.8% – Time to Sell?

Shares of NIBE Industrier AB (publ) (OTCMKTS:NDRBF) were down 2.8% on Friday. The stock traded as low as $4.40 and last traded at $4.40. 500 shares traded hands during trading, a decline of 78% from the average session volume of 2,232 shares. The stock had previously closed at $4.5252.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays reaffirmed an “underweight” rating on shares of NIBE Industrier AB (publ) in a report on Monday, August 24th. Citigroup reissued a “neutral” rating on shares of NIBE Industrier AB (publ) in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

NIBE Industrier AB (publ) Trading Down 2.8%

The stock’s fifty day moving average is $4.47 and its two-hundred day moving average is $4.17.

About NIBE Industrier AB (publ)

NIBE Industrier AB (publ) is a Sweden-based industrial group that develops and manufactures products and solutions for indoor climate control, energy efficiency, and heating. The company serves residential, commercial, and industrial customers, with operations focused on technologies that support electrification and the transition toward more sustainable energy use.

NIBE operates through three principal business areas: Climate Solutions, Element, and Stoves. Its Climate Solutions business offers heat pumps, heating and cooling systems, ventilation products, water heaters, and related controls and services.