Prysmian (OTCMKTS:PRYMY) Trading Up 2.4% – Still a Buy?

Prysmian S.p.A. (OTCMKTS:PRYMY) shares traded up 2.4% during trading on Friday . The company traded as high as $55.55 and last traded at $55.36. 142,562 shares traded hands during trading, an increase of 95% from the average session volume of 72,987 shares. The stock had previously closed at $54.05.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Prysmian currently has an average rating of “Buy”.

Prysmian Trading Up 2.4%

The business’s fifty day moving average price is $50.00 and its 200 day moving average price is $46.63.

About Prysmian

Prysmian Group is a leading global manufacturer of cables and systems for energy and telecoms, operating under the OTCMKTS ticker PRYMY. The company specializes in the design, production and distribution of high-technology cables that deliver power and data in a broad range of applications, from high-voltage subsea transmission to fiber-optic networks for telecommunications. Its core mission is to enable efficient energy transmission and advanced digital connectivity for utilities, industrial and infrastructure customers worldwide.

The group’s product portfolio spans power cables for high-voltage and extra-high-voltage transmission, medium- and low-voltage distribution cables, flexible industrial cables, and specialty cables for renewable energy installations.