Husqvarna AB (publ) (OTCMKTS:HSQVY) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Husqvarna AB (publ) (OTCMKTS:HSQVY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.39 and traded as low as $7.01. Husqvarna AB (publ) shares last traded at $7.0970, with a volume of 54,326 shares traded.

Husqvarna AB (publ) Stock Down 4.1%

The stock’s 50 day moving average is $7.93 and its two-hundred day moving average is $8.39.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last announced its earnings results on Friday, July 17th. The company reported $0.48 EPS for the quarter. The firm had revenue of $1.54 billion for 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.