Nordex (OTCMKTS:NRDXF) Trading 0.1% Higher – Time to Buy?

Nordex SE (OTCMKTS:NRDXF)’s stock price was up 0.1% on Thursday . The company traded as high as $39.23 and last traded at $39.23. Approximately 376 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 338 shares. The stock had previously closed at $39.20.

Analysts Set New Price Targets

NRDXF has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordex in a report on Wednesday, October 29th. Citigroup reiterated a “buy” rating on shares of Nordex in a report on Friday, October 10th. Royal Bank Of Canada restated an “underperform” rating on shares of Nordex in a research note on Tuesday, November 25th. Finally, Santander lowered Nordex to a “neutral” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Nordex Trading Up 0.1%

The stock has a fifty day moving average of $33.28 and a 200 day moving average of $27.69.

About Nordex

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.