Nordex (OTCMKTS:NRDXF) Stock Price Down 10.6% – Should You Sell?

Nordex SE (OTCMKTS:NRDXF)’s stock price dropped 10.6% on Friday . The company traded as low as $45.77 and last traded at $45.77. Approximately 1,813 shares were traded during mid-day trading, an increase of 245% from the average daily volume of 526 shares. The stock had previously closed at $51.18.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NRDXF. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a report on Tuesday, April 28th. Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a research note on Friday, April 10th. Finally, Citigroup reissued a “neutral” rating on shares of Nordex in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Nordex Stock Down 10.6%

The business’s 50 day moving average is $53.01 and its two-hundred day moving average is $43.82.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.