Thule Group AB (publ) (OTCMKTS:THUPY) Shares Down 2.5% – Here’s Why

Thule Group AB (publ) (OTCMKTS:THUPY)’s share price dropped 2.5% during mid-day trading on Friday . The stock traded as low as $10.36 and last traded at $10.36. 1,646 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 1,517 shares. The stock had previously closed at $10.63.

Thule Group AB (publ) Trading Down 2.5%

The firm’s 50-day moving average is $10.79 and its 200 day moving average is $11.28.

About Thule Group AB (publ)

Thule Group AB (publ) is a leading global organizer of active lifestyles, headquartered in Malmö, Sweden. The company designs, develops and markets a broad portfolio of products that enable the transport, protection and storage of sports equipment and travel gear. Its core offerings include roof racks, bike racks, roof boxes, towbars and accessories for automobiles, as well as luggage, backpacks and other travel solutions.

Founded in 1942, Thule has evolved from a Swedish family enterprise into a multinational business with a presence in more than 140 countries.