Brembo (OTCMKTS:BRBOF) Shares Down 0.5% – Here’s What Happened

Brembo S.p.A. (OTCMKTS:BRBOF) shares were down 0.5% on Tuesday . The stock traded as low as $12.30 and last traded at $12.30. Approximately 115 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 6,767 shares. The stock had previously closed at $12.36.

Analyst Upgrades and Downgrades

Separately, UBS Group reiterated a “neutral” rating on shares of Brembo in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Brembo Price Performance

The stock’s 50-day moving average is $10.45 and its 200 day moving average is $10.49.

About Brembo

Brembo S.p.A. (OTCMKTS:BRBOF) is a global leader in high-performance braking systems, serving the automotive, motorcycle and commercial vehicle markets. The company designs, develops and manufactures disc brakes, callipers, brake discs, drums and electronic brake control systems under its flagship Brembo brand. Its product range also includes carbon-ceramic composite brakes, master cylinders, hydraulic clutches and suspension components, catering to OEMs, the aftermarket and professional motorsport teams.

Since its founding in 1961 in Curno, Italy, Brembo has built a reputation for engineering excellence and innovation.