NIBE Industrier AB (publ) (OTCMKTS:NDRBF) Shares Up 3.3% – Here’s Why

NIBE Industrier AB (publ) (OTCMKTS:NDRBF – Get Free Report)’s stock price traded up 3.3% on Monday . The stock traded as high as $4.5252 and last traded at $4.5252. Approximately 100 shares were traded during trading, a decline of 96% from the average daily volume of 2,304 shares. The stock had previously closed at $4.38.

Analysts Set New Price Targets

NDRBF has been the subject of several recent analyst reports. Citigroup reiterated a “neutral” rating on shares of NIBE Industrier AB (publ) in a research note on Tuesday, August 25th. Barclays reaffirmed an “underweight” rating on shares of NIBE Industrier AB (publ) in a research report on Monday, August 24th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

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NIBE Industrier AB (publ) Stock Performance

The company’s 50-day moving average is $4.18 and its two-hundred day moving average is $4.07.

About NIBE Industrier AB (publ)

(Get Free Report)

NIBE Industrier AB (publ) is a Sweden-based industrial group that develops, manufactures and markets products and solutions for heating, cooling, ventilation and energy efficiency. The company serves residential, commercial and industrial customers through a portfolio focused on indoor climate, hot water and sustainable energy use.

NIBE operates through three principal business areas: Climate Solutions, Element and Stoves. Climate Solutions includes heat pumps, water heaters, heating systems, ventilation products and related climate-control equipment.

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