TeamViewer (OTCMKTS:TMVWY) Stock Price Down 6.9% – Here’s What Happened

TeamViewer SE (OTCMKTS:TMVWY)’s stock price was down 6.9% on Wednesday . The stock traded as low as $3.7020 and last traded at $3.7020. Approximately 2,892 shares traded hands during trading, a decline of 22% from the average session volume of 3,714 shares. The stock had previously closed at $3.9750.

Analyst Ratings Changes

TMVWY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of TeamViewer in a report on Wednesday, July 29th. Zacks Research raised TeamViewer to a “hold” rating in a report on Thursday, July 2nd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

TeamViewer Price Performance

The company has a 50-day simple moving average of $3.28 and a two-hundred day simple moving average of $3.04.

About TeamViewer

TeamViewer AG operates a global remote connectivity platform that enables secure access, support, control and collaboration across devices and locations. Its cloud-based software solutions allow businesses and individuals to remotely troubleshoot IT issues, manage devices, conduct online meetings and share files in real time. The platform’s modular architecture supports integrations with leading IT service management tools and provides an open API for custom workflows, making it a versatile choice for digital service delivery.

Founded in 2005 and headquartered in Göppingen, Germany, TeamViewer has expanded its footprint to serve customers in more than 180 countries.