Thule Group AB (publ) (OTCMKTS:THUPY) Stock Price Up 9.7% – Time to Buy?

Thule Group AB (publ) (OTCMKTS:THUPYGet Free Report) shares shot up 9.7% on Wednesday . The stock traded as high as $13.10 and last traded at $13.10. 1,027 shares traded hands during trading, an increase of 109% from the average session volume of 492 shares. The stock had previously closed at $11.94.

Wall Street Analysts Forecast Growth

Separately, UBS Group started coverage on shares of Thule Group AB (publ) in a report on Thursday, December 11th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

View Our Latest Report on THUPY

Thule Group AB (publ) Stock Performance

The business has a 50 day moving average price of $12.39 and a 200-day moving average price of $12.87.

About Thule Group AB (publ)

(Get Free Report)

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.

Further Reading

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