Husqvarna AB (publ) (OTCMKTS:HSQVY) Shares Cross Below 200-Day Moving Average – Here’s Why

Husqvarna AB (publ) (OTCMKTS:HSQVY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.40 and traded as low as $8.73. Husqvarna AB (publ) shares last traded at $8.73, with a volume of 65,318 shares.

Husqvarna AB (publ) Trading Down 3.1%

The company has a fifty day simple moving average of $9.02 and a two-hundred day simple moving average of $9.40.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.45 earnings per share for the quarter. The company had revenue of $1.53 billion for 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.