Prysmian (OTCMKTS:PRYMY) Shares Gap Down – What’s Next?

Prysmian S.p.A. (OTCMKTS:PRYMY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $74.48, but opened at $70.19. Prysmian shares last traded at $70.31, with a volume of 8,401 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on PRYMY. Sanford C. Bernstein cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Zacks Research lowered shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Berenberg Bank raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Barclays reissued an “overweight” rating on shares of Prysmian in a research note on Friday, July 3rd. Finally, Oddo Bhf raised Prysmian to an “outperform” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Prysmian Price Performance

The stock has a fifty day moving average price of $71.33 and a 200-day moving average price of $73.79.

Prysmian Company Profile

Prysmian S.p.A. is an Italy-based manufacturer of cable systems and related solutions for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrical infrastructure, renewable energy projects, industrial applications, and data and telecommunications networks.

Its portfolio includes high- and extra-high-voltage underground and submarine cables, overhead lines, optical fiber and copper cables, connectivity products, and related engineering and installation services.