Husqvarna AB (publ) (OTCMKTS:HSQVY) Share Price Passes Above 50 Day Moving Average – Here’s Why

Husqvarna AB (publ) (OTCMKTS:HSQVY)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.87 and traded as high as $9.18. Husqvarna AB (publ) shares last traded at $9.18, with a volume of 6,700 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “hold” rating on shares of Husqvarna AB (publ) in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Husqvarna AB (publ) Stock Performance

The firm has a 50-day moving average price of $8.87 and a 200-day moving average price of $9.42.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last announced its earnings results on Thursday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $1.53 billion for the quarter.

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.