L E Lundbergföretagen AB (publ) (OTCMKTS:LBGUF) Shares Up 40.2% – Should You Buy?

L E Lundbergföretagen AB (publ) (OTCMKTS:LBGUF) shares were up 40.2% on Tuesday . The stock traded as high as $62.00 and last traded at $62.00. Approximately 100 shares changed hands during trading, a decline of 85% from the average daily volume of 650 shares. The stock had previously closed at $44.21.

L E Lundbergföretagen AB (publ) Price Performance

The firm has a 50-day moving average of $46.11 and a 200-day moving average of $45.89.

About L E Lundbergföretagen AB (publ)

L E Lundbergföretagen AB (publ) is a Swedish investment company with a diversified portfolio spanning real estate and equity holdings in both listed and unlisted companies. Founded in 1944 by Lars Erik Lundberg, the company has grown under the leadership of CEO Fredrik Lundberg and remains majority-owned by the Lundberg family. Headquartered near Stockholm, L E Lundbergföretagen focuses on long-term value creation through active ownership, combining property development and strategic financial investments.

The company’s real estate segment encompasses commercial and residential properties primarily in Sweden’s major metropolitan areas, including Stockholm, Gothenburg and Malmö.