EQT AB (publ) (OTCMKTS:EQBBF) Trading Up 4.1% – Still a Buy?

EQT AB (publ) (OTCMKTS:EQBBF) shot up 4.1% during mid-day trading on Friday . The company traded as high as $39.50 and last traded at $39.50. 100 shares traded hands during trading, a decline of 98% from the average session volume of 4,778 shares. The stock had previously closed at $37.94.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “buy” rating on shares of EQT AB (publ) in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

EQT AB (publ) Trading Up 4.1%

The firm’s 50-day simple moving average is $35.05 and its two-hundred day simple moving average is $34.16.

EQT AB (publ) Company Profile

EQT AB (publ) is a leading global investment organization offering private equity, infrastructure, real assets and credit strategies. Through its subsidiaries and funds, the company partners with portfolio companies at various stages of development, providing capital, operational expertise and strategic support to drive growth and value creation. EQT’s investment activities span a range of industries, including healthcare, technology, industrials and consumer goods, where it seeks to bolster innovation and long-term performance.

Founded in 1994 and headquartered in Stockholm, Sweden, EQT has evolved from a single Swedish buyout fund into one of Europe’s foremost private markets investors.