Geberit (OTCMKTS:GBERY) Hits New 1-Year Low – Here’s Why

Geberit AG (OTCMKTS:GBERY)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $61.83 and last traded at $62.27, with a volume of 8103 shares trading hands. The stock had previously closed at $63.43.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Geberit to a “hold” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Geberit Stock Up 2.1%

The firm has a fifty day moving average price of $66.28 and a 200-day moving average price of $73.20. The firm has a market cap of $21.76 billion and a price-to-earnings ratio of 52.67.

About Geberit

Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.

Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.