Befesa (OTCMKTS:BFSAF) Stock Price Up 10.3% – What’s Next?
by Jessica Moore · The Cerbat GemShares of Befesa S.A. (OTCMKTS:BFSAF – Get Free Report) were up 10.3% on Friday . The company traded as high as $40.00 and last traded at $40.00. Approximately 1,500 shares changed hands during mid-day trading, an increase of 88% from the average daily volume of 800 shares. The stock had previously closed at $36.2794.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Befesa in a report on Thursday, April 9th. Citigroup reaffirmed a “neutral” rating on shares of Befesa in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Befesa in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on Befesa
Befesa Stock Up 10.3%
The stock has a fifty day simple moving average of $35.18 and a 200-day simple moving average of $33.26.
About Befesa
Befesa SA offers environmental recycling services to the steel and aluminum industries in European, Asian, and North American markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; sells waelz oxide to zinc smelters; and treats crude steel dust. The Aluminium Salt Slags Recycling Services segment recycles salt slags; spent pot linings, a hazardous residue generated by primary aluminium producers; and recovers and sells salt, aluminium concentrate, and aluminium oxides.