Nordex (OTCMKTS:NRDXF) Trading 0.8% Higher – Here’s Why

Nordex SE (OTCMKTS:NRDXF) was up 0.8% during trading on Friday . The company traded as high as $30.52 and last traded at $30.52. Approximately 100 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 327 shares. The stock had previously closed at $30.28.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NRDXF shares. Santander cut Nordex to a “neutral” rating in a research report on Monday, October 27th. Citigroup reiterated a “buy” rating on shares of Nordex in a research note on Friday, October 10th. Royal Bank Of Canada initiated coverage on shares of Nordex in a report on Thursday, October 9th. They issued an “underperform” rating for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordex in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nordex currently has an average rating of “Hold”.

Nordex Stock Up 0.8%

The firm’s fifty day simple moving average is $26.00 and its 200 day simple moving average is $22.07.

About Nordex

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. It operates in Projects and Services segments. The company provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations.