Prysmian (OTCMKTS:PRYMY) Shares Down 1.1% – Here’s What Happened

Shares of Prysmian S.p.A. (OTCMKTS:PRYMY) traded down 1.1% during mid-day trading on Friday . The stock traded as low as $50.60 and last traded at $51.00. 43,498 shares changed hands during trading, a decline of 50% from the average session volume of 86,981 shares. The stock had previously closed at $51.57.

Analysts Set New Price Targets

PRYMY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Prysmian in a report on Tuesday, June 24th. They set a “buy” rating for the company. Barclays reissued an “overweight” rating on shares of Prysmian in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Prysmian currently has an average rating of “Buy”.

Prysmian Trading Down 1.1%

The stock’s 50-day simple moving average is $44.84 and its 200-day simple moving average is $35.74.

About Prysmian

Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Renewable Transmission, Power Grid, Electrification, and Digital Solutions.