Investor AB (publ) (OTCMKTS:IVSBF) Stock Jumps 0.2% – Still a Buy?

Shares of Investor AB (publ) (OTCMKTS:IVSBF) were up 0.2% during mid-day trading on Thursday. The company traded as high as $42.35 and last traded at $42.22. Approximately 11,786 shares traded hands during trading, a decline of 27% from the average daily volume of 16,108 shares. The stock had previously closed at $42.12.

Analysts Set New Price Targets

Separately, Citigroup restated a “sell” rating on shares of Investor AB (publ) in a report on Monday, July 20th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Investor AB (publ) Stock Down 2.2%

The stock’s 50 day moving average price is $41.87 and its 200 day moving average price is $41.25.

About Investor AB (publ)

Investor AB (publ) is a Swedish investment company founded in 1916 by the Wallenberg family. The company is a long-term owner of businesses and seeks to create value through active ownership, strategic support and participation in the governance of its portfolio companies.

Investor’s investments are organized into three main areas: Listed Companies, Patricia Industries and Investments in EQT. Its listed portfolio includes significant holdings in large Nordic and international companies, while Patricia Industries manages wholly owned and privately held businesses.