Geberit (OTCMKTS:GBERY) Shares Down 1% – Here’s What Happened

Geberit AG (OTCMKTS:GBERY) shares traded down 1% during trading on Wednesday . The company traded as low as $64.1850 and last traded at $64.47. Approximately 9,874 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 15,102 shares. The stock had previously closed at $65.1050.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GBERY. Zacks Research upgraded Geberit to a “hold” rating in a research report on Wednesday, May 13th. Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a report on Thursday, July 2nd. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Geberit Stock Down 0.2%

The business has a fifty day moving average of $64.65 and a 200 day moving average of $70.07. The firm has a market cap of $22.36 billion and a P/E ratio of 52.67.

Geberit Company Profile

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.