Shares of PostNL (OTCMKTS:TNTFF – Get Rating) were down 16% during mid-day trading on Friday . The stock traded as low as $1.68 and last traded at $1.68. Approximately 1,661 shares changed hands during trading, an increase of 1,561% from the average daily volume of 100 shares. The stock had previously closed at $2.00.
Wall Street Analysts Forecast Growth
Separately, Barclays downgraded shares of PostNL from an “equal weight” rating to an “underweight” rating in a research note on Friday, February 10th.
PostNL Stock Performance
The company’s 50 day moving average price is $1.92 and its 200-day moving average price is $2.01.
PostNL Company Profile
PostNL N.V. provides postal and logistics services to businesses and consumers in the Netherlands, rest of Europe, and internationally. The company operates in two segments, Parcels, Mail in the Netherlands; and PostNL Other. It collects, sorts, transports, and delivers letters and parcels; and offers data and document management, direct marketing, and fulfillment services, as well as cross-border mail solutions.
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