Delivery Hero (OTCMKTS:DLVHF) Trading 9.8% Higher – Here’s What Happened

Delivery Hero SE (OTCMKTS:DLVHF) shares traded up 9.8% during mid-day trading on Monday . The stock traded as high as $32.1940 and last traded at $30.73. 510 shares traded hands during trading, a decline of 83% from the average session volume of 2,968 shares. The stock had previously closed at $27.99.

Wall Street Analyst Weigh In

DLVHF has been the topic of several research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Delivery Hero in a research report on Friday, November 14th. Citigroup cut shares of Delivery Hero from a “neutral” rating to a “sell” rating in a research note on Thursday, December 11th. Finally, Cantor Fitzgerald upgraded shares of Delivery Hero to a “neutral” rating in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Delivery Hero presently has a consensus rating of “Hold”.

Delivery Hero Trading Up 9.8%

The company has a fifty day moving average of $24.27 and a two-hundred day moving average of $26.40.

About Delivery Hero

Delivery Hero SE is a global online food‐ordering and delivery platform that connects consumers, restaurants and couriers through its digital marketplace. The company’s core business revolves around providing a seamless, on‐demand food delivery experience via mobile apps and websites. Beyond traditional restaurant delivery, Delivery Hero also operates a network of cloud kitchens—known as “dark kitchens”—to meet growing consumer demand for a broader variety of cuisines and faster fulfilment times.

Founded in 2011 and headquartered in Berlin, Germany, Delivery Hero has grown through a combination of organic expansion and strategic acquisitions.