HELLENiQ ENERGY (OTCMKTS:HLPMF) Stock Price Up 12.1% – Still a Buy?

Shares of HELLENiQ ENERGY Holdings S.A. (OTCMKTS:HLPMF) rose 12.1% during mid-day trading on Monday . The stock traded as high as $10.97 and last traded at $10.97. Approximately 500 shares traded hands during trading, a decline of 4% from the average daily volume of 520 shares. The stock had previously closed at $9.7850.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of HELLENiQ ENERGY to a “sell” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, HELLENiQ ENERGY has an average rating of “Sell”.

HELLENiQ ENERGY Stock Up 12.1%

The stock has a 50 day simple moving average of $10.22 and a 200 day simple moving average of $9.54.

HELLENiQ ENERGY Company Profile

HELLENiQ ENERGY Public Limited Company, formerly known as Hellenic Petroleum, is a leading integrated energy group in Southeast Europe. The company’s core activities span crude oil refining, supply, trading, petrochemicals and energy production. With operations rooted in Greece, HELLENiQ ENERGY serves both domestic and regional markets through a network of refineries, import terminals and marketing subsidiaries.

The refining segment comprises three major facilities located in Elefsina, Thessaloniki and Aspropyrgos, which together process crude oil into a wide range of petroleum products, including gasoline, diesel, jet fuel and bitumen.