Geberit (OTCMKTS:GBERY) Shares Climb 0.6% – Still a Buy?

Shares of Geberit AG (OTCMKTS:GBERY) rose 0.6% on Thursday. The stock traded as high as $68.36 and last traded at $68.20. 11,112 shares were traded during mid-day trading, a decline of 57% from the average session volume of 26,119 shares. The stock had previously closed at $67.76.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GBERY shares. Citigroup reaffirmed a “neutral” rating on shares of Geberit in a research note on Monday, August 24th. Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Geberit Price Performance

The stock’s 50 day simple moving average is $67.31 and its 200-day simple moving average is $66.47.

About Geberit

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems for residential, commercial and public buildings. The company develops solutions designed to manage water use, drainage and bathroom installations, serving professional customers such as plumbers, architects, developers and distributors.

Its product portfolio includes concealed cisterns and installation systems, drainage and supply piping systems, bathroom ceramics, faucets, shower solutions and other bathroom products.