Thule Group AB (publ) (OTCMKTS:THUPY) Stock Price Up 6.3% – Here’s Why

Thule Group AB (publ) (OTCMKTS:THUPY)’s share price traded up 6.3% during trading on Thursday . The stock traded as high as $14.84 and last traded at $14.31. 4,038 shares were traded during mid-day trading, an increase of 222% from the average session volume of 1,255 shares. The stock had previously closed at $13.46.

Wall Street Analyst Weigh In

Separately, Nordea Equity Research upgraded shares of Thule Group AB (publ) from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd.

Thule Group AB (publ) Price Performance

The firm’s fifty day moving average is $13.66 and its 200-day moving average is $14.38.

Thule Group AB (publ) Company Profile

Thule Group AB (publ) operates as a sports and outdoor company in Sweden and internationally. The company offers roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment; rooftop tents mounted on a car; awnings, bike carriers, and tents for RVs and caravans; bike trailers, child bike seats, and strollers; luggage, backpacks, and laptop and sport bags; and hiking backpacks, camera bags, and cases for consumer electronics.