Nordex (OTCMKTS:NRDXF) Trading Up 0.8% – Still a Buy?

Nordex SE (OTCMKTS:NRDXF)’s share price was up 0.8% during mid-day trading on Friday . The company traded as high as $30.52 and last traded at $30.52. Approximately 100 shares traded hands during trading, a decline of 69% from the average daily volume of 327 shares. The stock had previously closed at $30.28.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Santander downgraded Nordex to a “neutral” rating in a report on Monday, October 27th. Citigroup reaffirmed a “buy” rating on shares of Nordex in a report on Friday, October 10th. Royal Bank Of Canada began coverage on shares of Nordex in a research note on Thursday, October 9th. They issued an “underperform” rating on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Nordex in a research report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nordex Price Performance

The company’s 50-day moving average price is $26.00 and its two-hundred day moving average price is $22.07.

About Nordex

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. It operates in Projects and Services segments. The company provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations.