Brembo (OTCMKTS:BRBOF) Shares Down 19.5% – What’s Next?

Shares of Brembo S.p.A. (OTCMKTS:BRBOF) were down 19.5% during trading on Monday . The company traded as low as $9.90 and last traded at $9.90. Approximately 100 shares changed hands during trading, a decline of 98% from the average daily volume of 5,100 shares. The stock had previously closed at $12.30.

Analysts Set New Price Targets

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

Brembo Price Performance

The firm has a 50-day moving average price of $11.43 and a 200 day moving average price of $10.81.

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.