NIBE Industrier AB (publ) (OTCMKTS:NDRBF) Stock Price Down 2.8% – Should You Sell?

NIBE Industrier AB (publ) (OTCMKTS:NDRBF) fell 2.8% on Friday. The stock traded as low as $4.40 and last traded at $4.40. Approximately 500 shares were traded during mid-day trading, a decline of 78% from the average session volume of 2,232 shares. The stock had previously closed at $4.5252.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NDRBF shares. Citigroup reiterated a “neutral” rating on shares of NIBE Industrier AB (publ) in a research note on Tuesday, August 25th. Barclays restated an “underweight” rating on shares of NIBE Industrier AB (publ) in a report on Monday, August 24th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

NIBE Industrier AB (publ) Trading Down 2.8%

The stock’s 50 day simple moving average is $4.47 and its 200 day simple moving average is $4.17.

About NIBE Industrier AB (publ)

NIBE Industrier AB (publ) is a Sweden-based industrial group that develops and manufactures products and solutions for indoor climate control, energy efficiency, and heating. The company serves residential, commercial, and industrial customers, with operations focused on technologies that support electrification and the transition toward more sustainable energy use.

NIBE operates through three principal business areas: Climate Solutions, Element, and Stoves. Its Climate Solutions business offers heat pumps, heating and cooling systems, ventilation products, water heaters, and related controls and services.