Shares of Groupe Bruxelles Lambert SA (OTCMKTS:GBLBY – Get Free Report) dropped 4.5% on Wednesday. The company traded as low as $7.38 and last traded at $7.38. Approximately 534 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 1,951 shares. The stock had previously closed at $7.73.
Groupe Bruxelles Lambert Stock Down 4.5%
The stock’s 50 day moving average price is $8.51 and its two-hundred day moving average price is $9.26.
About Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a Belgium-based investment holding company that builds and manages a diversified portfolio of listed and private businesses. The group focuses on long-term ownership and active capital allocation, investing primarily in established companies with international operations.
GBL’s portfolio has included businesses in sectors such as consumer goods, healthcare, industrials, business services and technology. Its investments have included interests in companies such as adidas, Pernod Ricard, SGS and Webhelp, although the composition of the portfolio can change over time.
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