Husqvarna AB (publ) (OTCMKTS:HSQVY) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?
by Danessa Lincoln · The Markets DailyHusqvarna AB (publ) (OTCMKTS:HSQVY – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.29 and traded as low as $9.5720. Husqvarna AB (publ) shares last traded at $9.65, with a volume of 6,792 shares trading hands.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reissued a “hold” rating on shares of Husqvarna AB (publ) in a report on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Analysis on HSQVY
Husqvarna AB (publ) Price Performance
The stock has a fifty day moving average price of $10.04 and a 200 day moving average price of $10.29.
Husqvarna AB (publ) (OTCMKTS:HSQVY – Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported ($0.29) earnings per share (EPS) for the quarter. The company had revenue of $789.91 million during the quarter.
About Husqvarna AB (publ)
Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.
Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.