Aroundtown SA (OTCMKTS:AANNF – Get Free Report) shares dropped 21.7% during trading on Friday. The stock traded as low as $1.80 and last traded at $1.80. Approximately 2,200 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 2,342 shares. The stock had previously closed at $2.30.
Analysts Set New Price Targets
Separately, Morgan Stanley restated an “underweight” rating on shares of Aroundtown in a report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.
Read Our Latest Stock Report on AANNF
Aroundtown Stock Performance
Aroundtown Company Profile
Aroundtown SA is a Luxembourg-based real estate company focused on owning, developing and managing income-generating properties in Europe. Its portfolio includes office buildings, hotels, residential properties, logistics facilities and other commercial real estate.
The company’s activities are concentrated primarily in Germany and the Netherlands, with properties located in major urban centers and regional growth markets. Aroundtown seeks to create value through active asset management, property improvements, repositioning and selective acquisitions and developments.
Aroundtown also has significant exposure to the residential property sector through its investment in Grand City Properties, a company focused on managing residential real estate in Germany.
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