EQT AB (publ) (OTCMKTS:EQBBF) Shares Up 2% – Here’s What Happened

Shares of EQT AB (publ) (OTCMKTS:EQBBF) rose 2% during trading on Wednesday . The stock traded as high as $40.4625 and last traded at $40.4625. Approximately 509 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 17,827 shares. The stock had previously closed at $39.67.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “buy” rating on shares of EQT AB (publ) in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

EQT AB (publ) Stock Up 2.0%

The stock has a 50 day simple moving average of $37.41 and a 200-day simple moving average of $35.53.

About EQT AB (publ)

EQT AB (publ) is a leading global investment organization offering private equity, infrastructure, real assets and credit strategies. Through its subsidiaries and funds, the company partners with portfolio companies at various stages of development, providing capital, operational expertise and strategic support to drive growth and value creation. EQT’s investment activities span a range of industries, including healthcare, technology, industrials and consumer goods, where it seeks to bolster innovation and long-term performance.

Founded in 1994 and headquartered in Stockholm, Sweden, EQT has evolved from a single Swedish buyout fund into one of Europe’s foremost private markets investors.