Delivery Hero (OTCMKTS:DLVHF) Stock Price Up 9.8% – Should You Buy?

Shares of Delivery Hero SE (OTCMKTS:DLVHF) traded up 9.8% during trading on Monday . The stock traded as high as $32.1940 and last traded at $30.73. 510 shares changed hands during trading, a decline of 83% from the average session volume of 2,968 shares. The stock had previously closed at $27.99.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DLVHF shares. Cantor Fitzgerald upgraded Delivery Hero to a “neutral” rating in a research note on Thursday, December 11th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Delivery Hero in a research note on Friday, November 14th. Finally, Citigroup cut Delivery Hero from a “neutral” rating to a “sell” rating in a research report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Delivery Hero presently has an average rating of “Hold”.

Delivery Hero Stock Up 9.8%

The firm’s 50 day simple moving average is $24.27 and its 200 day simple moving average is $26.40.

About Delivery Hero

Delivery Hero SE is a global online food‐ordering and delivery platform that connects consumers, restaurants and couriers through its digital marketplace. The company’s core business revolves around providing a seamless, on‐demand food delivery experience via mobile apps and websites. Beyond traditional restaurant delivery, Delivery Hero also operates a network of cloud kitchens—known as “dark kitchens”—to meet growing consumer demand for a broader variety of cuisines and faster fulfilment times.

Founded in 2011 and headquartered in Berlin, Germany, Delivery Hero has grown through a combination of organic expansion and strategic acquisitions.