Geberit (OTCMKTS:GBERY) Shares Gap Up – Here’s Why

Shares of Geberit AG (OTCMKTS:GBERY) gapped up prior to trading on Wednesday . The stock had previously closed at $65.5930, but opened at $70.65. Geberit shares last traded at $70.75, with a volume of 1,111 shares trading hands.

Wall Street Analysts Forecast Growth

GBERY has been the topic of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a research note on Thursday, July 2nd. Zacks Research raised shares of Geberit to a “hold” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Geberit Trading Up 9.2%

The business has a fifty day moving average price of $65.56 and a 200 day moving average price of $69.19.

About Geberit

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.