Nordex (OTCMKTS:NRDXF) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Nordex SE (OTCMKTS:NRDXF) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $51.83 and traded as high as $56.27. Nordex shares last traded at $56.27, with a volume of 0 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NRDXF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordex in a research note on Tuesday, April 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research note on Friday, April 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Nordex in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Nordex Price Performance

The stock has a 50 day simple moving average of $51.83 and a 200 day simple moving average of $40.45.

Nordex Company Profile

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.