Rotork (OTCMKTS:RTOXF) Trading Up 11.1% – Here’s Why

Rotork plc (OTCMKTS:RTOXF)’s share price was up 11.1% on Wednesday . The company traded as high as $4.22 and last traded at $4.22. Approximately 1,767 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 3,302 shares. The stock had previously closed at $3.80.

Analyst Ratings Changes

A number of research analysts recently weighed in on RTOXF shares. Royal Bank Of Canada upgraded shares of Rotork to an “outperform” rating in a research note on Tuesday, April 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rotork in a report on Tuesday, May 13th.

Rotork Stock Up 11.1%

The stock’s fifty day simple moving average is $4.09 and its two-hundred day simple moving average is $4.04.

About Rotork

Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.