EQT AB (publ) (OTCMKTS:EQBBF) Shares Up 0.8% – Time to Buy?

Shares of EQT AB (publ) (OTCMKTS:EQBBF) shot up 0.8% during mid-day trading on Monday . The company traded as high as $32.25 and last traded at $32.25. 1,502 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 4,990 shares. The stock had previously closed at $32.00.

Analyst Upgrades and Downgrades

Separately, Citigroup cut EQT AB (publ) from a “buy” rating to a “neutral” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

EQT AB (publ) Stock Performance

The business’s 50 day moving average is $30.29 and its two-hundred day moving average is $33.71.

About EQT AB (publ)

EQT AB (publ) is a leading global investment organization offering private equity, infrastructure, real assets and credit strategies. Through its subsidiaries and funds, the company partners with portfolio companies at various stages of development, providing capital, operational expertise and strategic support to drive growth and value creation. EQT’s investment activities span a range of industries, including healthcare, technology, industrials and consumer goods, where it seeks to bolster innovation and long-term performance.

Founded in 1994 and headquartered in Stockholm, Sweden, EQT has evolved from a single Swedish buyout fund into one of Europe’s foremost private markets investors.