Brembo (OTCMKTS:BRBOF) Trading Up 6.1% – Still a Buy?

Shares of Brembo S.p.A. (OTCMKTS:BRBOF) were up 6.1% on Tuesday . The company traded as high as $10.50 and last traded at $10.50. Approximately 500 shares were traded during trading, a decline of 85% from the average daily volume of 3,359 shares. The stock had previously closed at $9.90.

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, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Brembo Stock Performance

The company has a 50-day moving average of $10.42 and a 200-day moving average of $10.21.

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.