Aurubis (OTCMKTS:AIAGY) Stock Price Up 17.1% – Still a Buy?

Aurubis AG (OTCMKTS:AIAGY) traded up 17.1% during trading on Tuesday . The stock traded as high as $71.20 and last traded at $71.20. 150 shares changed hands during trading, a decline of 56% from the average session volume of 344 shares. The stock had previously closed at $60.80.

Analyst Ratings Changes

Several research firms have recently issued reports on AIAGY. Morgan Stanley restated an “underweight” rating on shares of Aurubis in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aurubis in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Aurubis Price Performance

The stock’s 50 day simple moving average is $62.59 and its 200 day simple moving average is $57.77.

Aurubis Company Profile

Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi‐metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high‐purity copper products to industries such as electrical engineering, construction, automotive and electronics.

The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.