Forvia (OTCMKTS:FURCF) Trading Down 0.7% – Here’s What Happened

Forvia SE (OTCMKTS:FURCF)’s stock price dropped 0.7% during trading on Wednesday . The company traded as low as $10.2950 and last traded at $10.2950. Approximately 127 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 4,185 shares. The stock had previously closed at $10.3630.

Analysts Set New Price Targets

Several equities analysts have weighed in on FURCF shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Forvia in a report on Monday, August 3rd. Citigroup reaffirmed a “buy” rating on shares of Forvia in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Forvia Stock Performance

The stock’s 50-day simple moving average is $9.96 and its two-hundred day simple moving average is $10.93.

Forvia Company Profile

Forvia SE is a global automotive technology supplier formed through the combination of French automotive-equipment company Faurecia and German lighting and electronics specialist HELLA. The Forvia brand was introduced following Faurecia’s acquisition of a controlling interest in HELLA, completed in 2022, bringing the two businesses together while retaining their respective operating expertise and product portfolios.

The company develops and supplies components and systems for vehicle manufacturers, including automotive seating, interiors, lighting, electronics, and clean-mobility technologies.