NIBE Industrier AB (publ) (OTCMKTS:NDRBF) Shares Down 8.7% – Here’s Why

NIBE Industrier AB (publ) (OTCMKTS:NDRBF) traded down 8.7% during mid-day trading on Friday . The company traded as low as $4.30 and last traded at $4.30. 450 shares traded hands during trading, a decline of 71% from the average session volume of 1,577 shares. The stock had previously closed at $4.71.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities downgraded shares of NIBE Industrier AB (publ) to a “hold” rating in a report on Thursday, May 15th.

NIBE Industrier AB (publ) Trading Down 8.7%

The stock’s fifty day moving average is $4.04 and its 200-day moving average is $4.07.

NIBE Industrier AB (publ) Company Profile

NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control in Nordic countries, rest of Europe, North America, and internationally.