Thule Group AB (publ) (OTCMKTS:THUPY) Trading 5% Higher – Here’s Why

Thule Group AB (publ) (OTCMKTS:THUPY)’s share price was up 5% during trading on Friday . The company traded as high as $13.36 and last traded at $13.25. Approximately 5,206 shares traded hands during mid-day trading, an increase of 136% from the average daily volume of 2,205 shares. The stock had previously closed at $12.6150.

Thule Group AB (publ) Trading Up 5.0%

The firm’s 50 day simple moving average is $11.65 and its two-hundred day simple moving average is $12.22.

About Thule Group AB (publ)

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.