Nordex (OTCMKTS:NRDXF) Shares Down 1.2% – Time to Sell?

Nordex SE (OTCMKTS:NRDXF)’s share price was down 1.2% on Friday . The company traded as low as $45.25 and last traded at $45.25. Approximately 200 shares were traded during trading, a decline of 50% from the average session volume of 404 shares. The stock had previously closed at $45.80.

Analysts Set New Price Targets

Several research firms have commented on NRDXF. Jefferies Financial Group reissued a “buy” rating on shares of Nordex in a research report on Thursday, July 30th. Citigroup raised Nordex from a “neutral” rating to a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nordex Price Performance

The business’s 50-day simple moving average is $47.21 and its two-hundred day simple moving average is $49.59.

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.