Thule Group AB (publ) (OTCMKTS:THUPY) Stock Price Up 7.2% – Here’s What Happened

Thule Group AB (publ) (OTCMKTS:THUPY)’s share price rose 7.2% during mid-day trading on Wednesday . The stock traded as high as $12.60 and last traded at $12.60. Approximately 231 shares were traded during trading, a decline of 58% from the average daily volume of 544 shares. The stock had previously closed at $11.75.

Wall Street Analysts Forecast Growth

Separately, UBS Group assumed coverage on Thule Group AB (publ) in a research report on Thursday, December 11th. They set a “neutral” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Thule Group AB (publ) Price Performance

The company has a 50 day moving average of $12.66 and a 200 day moving average of $13.17.

Thule Group AB (publ) Company Profile

Thule Group AB (publ) is a leading global organizer of active lifestyles, headquartered in Malmö, Sweden. The company designs, develops and markets a broad portfolio of products that enable the transport, protection and storage of sports equipment and travel gear. Its core offerings include roof racks, bike racks, roof boxes, towbars and accessories for automobiles, as well as luggage, backpacks and other travel solutions.

Founded in 1942, Thule has evolved from a Swedish family enterprise into a multinational business with a presence in more than 140 countries.