BELIMO (OTCMKTS:BLHWF) Trading Up 0.5% – Still a Buy?

BELIMO Holding AG (OTCMKTS:BLHWFGet Free Report)’s share price rose 0.5% on Wednesday . The stock traded as high as $986.35 and last traded at $986.35. Approximately 2 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 51 shares. The stock had previously closed at $981.3750.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLHWF. Jefferies Financial Group restated a “buy” rating on shares of BELIMO in a research report on Wednesday, October 22nd. Morgan Stanley downgraded BELIMO from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Check Out Our Latest Research Report on BLHWF

BELIMO Stock Up 0.5%

The firm’s 50-day moving average price is $1,064.58 and its 200 day moving average price is $1,096.33.

About BELIMO

(Get Free Report)

Belimo Holding AG (OTCMKTS:BLHWF) is a Switzerland‐based manufacturer and developer of actuators, control valves, sensors and other control solutions for heating, ventilation and air‐conditioning (HVAC) systems. The company’s products are designed to optimize energy efficiency, indoor comfort and operational reliability in commercial, residential and industrial buildings.

Founded in 1975 and headquartered in Hinwil, Switzerland, Belimo has grown into a global specialist in HVAC system control.

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