NIBE Industrier AB (publ) (OTCMKTS:NDRBF) Stock Price Up 9.3% – Still a Buy?

Shares of NIBE Industrier AB (publ) (OTCMKTS:NDRBF) rose 9.3% during trading on Tuesday . The stock traded as high as $4.33 and last traded at $4.33. 12,250 shares were traded during trading, an increase of 387% from the average session volume of 2,517 shares. The stock had previously closed at $3.96.

NIBE Industrier AB (publ) Price Performance

The business’s fifty day simple moving average is $3.93 and its two-hundred day simple moving average is $4.35.

About NIBE Industrier AB (publ)

NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control in Nordic countries, rest of Europe, North America, and internationally.