Thule Group AB (publ) (OTCMKTS:THUPY) Stock Price Down 6.7% – Here’s Why

Thule Group AB (publ) (OTCMKTS:THUPY) fell 6.7% during trading on Thursday . The stock traded as low as $10.74 and last traded at $10.74. Approximately 774 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 1,741 shares. The stock had previously closed at $11.51.

Thule Group AB (publ) Stock Performance

The company’s 50 day moving average price is $12.01 and its 200 day moving average price is $12.02.

Thule Group AB (publ) Company Profile

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.