Nexans S.A. (OTCMKTS:NXPRF – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 377 shares, a decline of 35.1% from the June 30th total of 581 shares. Based on an average daily volume of 56 shares, the days-to-cover ratio is currently 6.7 days.
Nexans Price Performance
Shares of OTCMKTS NXPRF opened at $149.24 on Friday. Nexans has a 12-month low of $136.79 and a 12-month high of $201.32. The stock’s 50 day simple moving average is $170.91 and its 200 day simple moving average is $160.16.
Wall Street Analysts Forecast Growth
NXPRF has been the topic of a number of research reports. Barclays reissued an “overweight” rating on shares of Nexans in a report on Friday, July 3rd. BNP Paribas Exane assumed coverage on shares of Nexans in a report on Wednesday, May 6th. They issued an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nexans in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Nexans currently has an average rating of “Buy”.
Nexans Company Profile
Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.
Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.
Featured Stories
- Five stocks we like better than Nexans
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Receive News & Ratings for Nexans Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexans and related companies with MarketBeat.com's FREE daily email newsletter.
