Investor AB (publ) (OTCMKTS:IVSBF) Shares Up 6.9% – Here’s Why

Shares of Investor AB (publ) (OTCMKTS:IVSBF) shot up 6.9% on Thursday . The company traded as high as $33.19 and last traded at $33.19. 406 shares were traded during trading, a decline of 91% from the average session volume of 4,689 shares. The stock had previously closed at $31.05.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “sell” rating on shares of Investor AB (publ) in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Investor AB (publ) Stock Up 6.9%

The business has a fifty day simple moving average of $30.76 and a 200 day simple moving average of $29.81.

Investor AB (publ) Company Profile

Investor AB (publ) is a private equity firm specializing in mature, middle market, buyouts and growth capital investments. For core investments, the firm invests in health care, financial services, IT and fintech sectors and considers investments in listed companies in leading minority positions. The firm seeks to invest globally.