Thule Group AB (publ) (OTCMKTS:THUPY) Shares Down 1.2% – Should You Sell?

Shares of Thule Group AB (publ) (OTCMKTS:THUPY) traded down 1.2% during mid-day trading on Thursday . The company traded as low as $11.2925 and last traded at $11.4850. 838 shares traded hands during trading, a decline of 71% from the average session volume of 2,872 shares. The stock had previously closed at $11.63.

Analysts Set New Price Targets

Separately, UBS Group began coverage on Thule Group AB (publ) in a research report on Thursday, December 11th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Thule Group AB (publ) Stock Performance

The stock’s 50 day simple moving average is $12.28 and its 200-day simple moving average is $12.71.

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.