Geberit (OTCMKTS:GBERY) Trading Down 0.2% – Here’s Why

Geberit AG (OTCMKTS:GBERY)’s share price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $74.45 and last traded at $74.68. 6,975 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 7,943 shares. The stock had previously closed at $74.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research note on Thursday, August 21st. UBS Group reaffirmed a “neutral” rating on shares of Geberit in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Geberit Trading Down 0.2%

The company’s 50-day simple moving average is $76.56 and its two-hundred day simple moving average is $72.41.

About Geberit

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry in Switzerland and internationally. The company offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and fittings; and piping systems consisting of building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media.