NIBE Industrier AB (publ) (OTCMKTS:NDRBF) Trading Up 4.2% – Should You Buy?

NIBE Industrier AB (publ) (OTCMKTS:NDRBF)’s share price shot up 4.2% during mid-day trading on Wednesday . The stock traded as high as $3.98 and last traded at $3.98. 2,000 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 2,027 shares. The stock had previously closed at $3.8180.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NDRBF. Barclays reissued an “underweight” rating on shares of NIBE Industrier AB (publ) in a research report on Wednesday, December 3rd. Morgan Stanley reiterated an “underweight” rating on shares of NIBE Industrier AB (publ) in a research report on Monday, November 17th. Finally, Pareto Securities raised NIBE Industrier AB (publ) from a “hold” rating to a “buy” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

NIBE Industrier AB (publ) Stock Up 4.2%

The business’s fifty day moving average price is $3.80 and its 200 day moving average price is $4.13.

About NIBE Industrier AB (publ)

NIBE Industrier AB (publ) is a Sweden‐based industrial group specializing in sustainable climate and energy solutions. Founded in Markaryd in 1952, the company designs, manufactures and markets a broad portfolio of products that promote energy efficiency in residential, commercial and industrial settings. NIBE’s offerings span heat pumps, hot water solutions, electric heating elements, and ventilation systems under a variety of well‐known brand names.

The company operates through several business segments.