Aurubis (OTCMKTS:AIAGY) Stock Price Up 17.1% – Here’s What Happened

Aurubis AG (OTCMKTS:AIAGY)’s stock price shot up 17.1% during mid-day trading on Tuesday . The stock traded as high as $71.20 and last traded at $71.20. 150 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 344 shares. The stock had previously closed at $60.80.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Aurubis in a research note on Friday, December 5th. Morgan Stanley reaffirmed an “underweight” rating on shares of Aurubis in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Aurubis Price Performance

The company’s 50-day simple moving average is $62.45 and its 200-day simple moving average is $57.58.

About Aurubis

Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi‐metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high‐purity copper products to industries such as electrical engineering, construction, automotive and electronics.

The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.