Pandora A/S (OTCMKTS:PANDY) Issues Earnings Results

Pandora A/S (OTCMKTS:PANDY) announced its quarterly earnings results on Wednesday. The company reported $0.72 earnings per share (EPS) for the quarter, Zacks reports.

Pandora A/S Trading Down 3.4%

PANDY stock traded down $1.65 during midday trading on Wednesday, hitting $47.05. 24,037 shares of the company traded hands, compared to its average volume of 11,910. Pandora A/S has a twelve month low of $35.93 and a twelve month high of $56.21. The business has a 50 day simple moving average of $47.05 and a 200-day simple moving average of $47.05.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Pandora A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

About Pandora A/S

Pandora A/S is a Denmark‐based jewelry manufacturer and retailer renowned for its signature charm bracelets, rings, earrings and necklaces. Established in 1982 by Per Enevoldsen and Winnie Enevoldsen, the company has built its reputation on customizable, hand-finished jewelry crafted from metals such as sterling silver, 14k gold and Pandora’s proprietary metal alloys. Through in‐house design and close collaboration with ateliers in Thailand, Pandora blends Scandinavian design principles with detailed craftsmanship to deliver products that appeal to a broad range of style preferences.

The company’s core product lines encompass an extensive selection of charms and bracelet bases, along with coordinating pendants, rings and earrings.