Husqvarna AB (publ) (OTCMKTS:HSQVY) Share Price Passes Above 50-Day Moving Average – Here’s Why

Husqvarna AB (publ) (OTCMKTS:HSQVY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.85 and traded as high as $9.15. Husqvarna AB (publ) shares last traded at $9.06, with a volume of 14,408 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of Husqvarna AB (publ) in a report on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Husqvarna AB (publ) Trading Down 0.3%

The business has a fifty day simple moving average of $8.85 and a two-hundred day simple moving average of $9.60.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last posted its earnings results on Wednesday, February 4th. The company reported ($0.29) earnings per share for the quarter. The business had revenue of $789.91 million during the quarter.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.