Thule Group AB (publ) (OTCMKTS:THUPY) Stock Price Down 1.2% – Here’s Why

Thule Group AB (publ) (OTCMKTS:THUPY) shares fell 1.2% during trading on Thursday . The stock traded as low as $11.2925 and last traded at $11.4850. 838 shares changed hands during trading, a decline of 71% from the average session volume of 2,872 shares. The stock had previously closed at $11.63.

Wall Street Analysts Forecast Growth

Separately, UBS Group started coverage on Thule Group AB (publ) in a research report on Thursday, December 11th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Thule Group AB (publ) Stock Down 1.2%

The firm has a 50 day simple moving average of $12.28 and a 200-day simple moving average of $12.71.

Thule Group AB (publ) Company Profile

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.