Nemetschek (OTCMKTS:NEMTF) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Nemetschek SE (OTCMKTS:NEMTF) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $113.83 and traded as low as $80.00. Nemetschek shares last traded at $80.00, with a volume of 477 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nemetschek in a research report on Wednesday, November 5th. BNP Paribas Exane raised Nemetschek from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Nemetschek Stock Performance

The company’s 50 day moving average price is $113.83 and its 200 day moving average price is $132.71.

About Nemetschek

Nemetschek SE is a Munich-based software developer specializing in solutions for the architecture, engineering and construction (AEC) industries as well as the media and entertainment sectors. The company’s platforms encompass computer-aided design (CAD), building information modeling (BIM), visualisation and project management, enabling stakeholders across planning, design, construction and operation to collaborate on complex building and infrastructure projects.

Founded in 1963 by Prof.