Befesa (OTCMKTS:BFSAF) Trading Up 1.8% – Time to Buy?

Befesa S.A. (OTCMKTS:BFSAFGet Free Report)’s stock price was up 1.8% during mid-day trading on Monday . The company traded as high as $40.70 and last traded at $40.70. Approximately 9,100 shares were traded during mid-day trading, an increase of 198% from the average daily volume of 3,050 shares. The stock had previously closed at $40.00.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BFSAF shares. Citigroup reissued a “neutral” rating on shares of Befesa in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Befesa in a research note on Tuesday, May 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Befesa in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Get Our Latest Report on BFSAF

Befesa Stock Performance

The firm has a 50-day moving average price of $36.56 and a two-hundred day moving average price of $34.32.

Befesa Company Profile

(Get Free Report)

Befesa SA offers environmental recycling services to the steel and aluminum industries in European, Asian, and North American markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; sells waelz oxide to zinc smelters; and treats crude steel dust. The Aluminium Salt Slags Recycling Services segment recycles salt slags; spent pot linings, a hazardous residue generated by primary aluminium producers; and recovers and sells salt, aluminium concentrate, and aluminium oxides.

Read More

Receive News & Ratings for Befesa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Befesa and related companies with MarketBeat.com's FREE daily email newsletter.