Aurubis (OTCMKTS:AIAGY) Stock Price Down 7.4% – Here’s What Happened

Aurubis AG (OTCMKTS:AIAGY)’s share price traded down 7.4% during mid-day trading on Friday . The company traded as low as $96.00 and last traded at $96.00. 100 shares were traded during trading, a decline of 65% from the average daily volume of 283 shares. The stock had previously closed at $103.70.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AIAGY shares. Morgan Stanley upgraded shares of Aurubis from an “underweight” rating to an “equal weight” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aurubis in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Aurubis presently has an average rating of “Hold”.

Aurubis Stock Performance

The company has a 50 day moving average price of $112.63 and a 200 day moving average price of $98.93.

About Aurubis

Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi‐metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high‐purity copper products to industries such as electrical engineering, construction, automotive and electronics.

The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.