Signify (OTCMKTS:PHPPY – Get Rating)’s stock price was up 0.4% during trading on Tuesday . The company traded as high as $15.75 and last traded at $15.75. Approximately 116 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,864 shares. The stock had previously closed at $15.69.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on PHPPY shares. Morgan Stanley raised shares of Signify from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reduced their target price on Signify from €43.00 ($43.88) to €40.00 ($40.82) in a research note on Tuesday, November 1st.
Signify Stock Performance
The firm’s 50-day moving average price is $14.25 and its 200 day moving average price is $16.09.
Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. The company operates through Digital Solutions, Digital Products, and Conventional Products segments. It offers light-emitting diode (LED) and conventional luminaires, systems, and services for various market segments comprising offices, commercial buildings, shops, hospitality, industry, agriculture, and outdoor environments.
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