Bechtle (OTCMKTS:BECTY) Stock Price Down 13.3% – Here’s Why

Bechtle AG (OTCMKTS:BECTYGet Free Report)’s stock price was down 13.3% during trading on Friday . The stock traded as low as $7.57 and last traded at $7.57. Approximately 756 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 961 shares. The stock had previously closed at $8.73.

Analysts Set New Price Targets

Separately, BNP Paribas upgraded shares of Bechtle from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on BECTY

Bechtle Trading Down 13.3%

The company has a fifty day moving average price of $8.97 and a two-hundred day moving average price of $8.93.

Bechtle Company Profile

(Get Free Report)

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates through two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software, project planning and implementation, system integration, IT, and training services for IT operation.

Further Reading

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