Husqvarna AB (publ) (OTCMKTS:HSQVY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Husqvarna AB (publ) (OTCMKTS:HSQVY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.29 and traded as low as $9.5720. Husqvarna AB (publ) shares last traded at $9.65, with a volume of 6,792 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Husqvarna AB (publ) in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Husqvarna AB (publ) Stock Performance

The stock’s 50-day moving average is $10.04 and its 200-day moving average is $10.28.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.29) EPS for the quarter. The business had revenue of $789.91 million during the quarter.

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.