Deutsche Bank Initiates Coverage on Haier Electronics Group (OTCMKTS:HRELF)

Stock analysts at Deutsche Bank started coverage on shares of Haier Electronics Group (OTCMKTS:HRELF) in a research report issued to clients and investors on Monday, The Fly reports. The firm set a “hold” rating on the stock.

Shares of OTCMKTS HRELF opened at $3.00 on Monday. The stock’s 50-day simple moving average is $2.77 and its two-hundred day simple moving average is $2.82. Haier Electronics Group has a twelve month low of $2.21 and a twelve month high of $3.21.

Haier Electronics Group Company Profile

Haier Electronics Group Co, Ltd., an investment holding company, engages in the research, development, manufacture, and sale of washing machines and water heaters under the Haier, Casarte, and Leader brands in Mainland China and internationally. It operates through three segments: Washing Machine Business, Water Heater and Water Purifier Business, and Channel Services Business.

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The Fly

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