Thule Group AB (publ) (OTCMKTS:THUPY) Shares Down 1.2% – What’s Next?

Thule Group AB (publ) (OTCMKTS:THUPY)’s share price was down 1.2% during mid-day trading on Thursday . The company traded as low as $11.2925 and last traded at $11.4850. Approximately 838 shares changed hands during trading, a decline of 71% from the average daily volume of 2,872 shares. The stock had previously closed at $11.63.

Wall Street Analyst Weigh In

Separately, UBS Group assumed coverage on shares of Thule Group AB (publ) in a research note on Thursday, December 11th. They set a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Thule Group AB (publ) Price Performance

The business has a 50 day moving average price of $12.26 and a 200 day moving average price of $12.69.

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.