Swiss Prime Site (OTCMKTS:SWPRF) Stock Price Down 16.9% – Here’s What Happened

Swiss Prime Site AG (OTCMKTS:SWPRF – Get Free Report)’s stock price dropped 16.9% during trading on Friday. The company traded as low as $141.5075 and last traded at $141.5075. Approximately 169 shares changed hands during trading, a decline of 53% from the average session volume of 356 shares. The stock had previously closed at $170.2550.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Swiss Prime Site from an “overweight” rating to a “reduce” rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Get Our Latest Analysis on SWPRF

Swiss Prime Site Stock Down 16.9%

The business’s 50 day simple moving average is $159.94 and its two-hundred day simple moving average is $166.79.

About Swiss Prime Site

(Get Free Report)

Swiss Prime Site AG (OTCMKTS:SWPRF) is a Switzerland-based real estate company focused on owning, developing and managing high-quality properties. Its portfolio has historically included office buildings, retail properties, hotels, logistics facilities and other commercial real estate, with a primary geographic focus on Switzerland.

The company generates value through long-term real estate investment, property development and asset management. Through its real estate activities, Swiss Prime Site serves corporate tenants, retailers, hospitality operators and other commercial users.

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