Fluidra (OTCMKTS:FLUIF) Shares Down 16% – Time to Sell?

Fluidra, S.A. (OTCMKTS:FLUIF) shares dropped 16% during trading on Tuesday . The stock traded as low as $25.19 and last traded at $25.19. Approximately 1,177 shares traded hands during mid-day trading, an increase of 135% from the average daily volume of 500 shares. The stock had previously closed at $30.00.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane raised Fluidra to an “outperform” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Fluidra Stock Performance

The firm’s 50-day moving average is $29.95 and its 200-day moving average is $28.99.

Fluidra Company Profile

Fluidra is a global leader in the design, manufacture and distribution of equipment and solutions for the residential and commercial pool and wellness market. Headquartered in Barcelona, Spain, the company operates on several stock exchanges internationally and trades over the counter in the United States. Its portfolio encompasses a wide range of products that help pool professionals, retailers and end‐users build, maintain and automate pool and spa installations.

The company’s core offerings include pumps, filters, heaters, water treatment chemicals, sanitation systems, lighting, pool covers and robotic cleaning devices.