Husqvarna AB (publ) (OTCMKTS:HSQVY) Shares Cross Above 50-Day Moving Average – Here’s Why

Husqvarna AB (publ) (OTCMKTS:HSQVY)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of Husqvarna AB (publ) in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Husqvarna AB (publ) currently has a consensus rating of “Hold”.

Husqvarna AB (publ) Stock Performance

The stock’s 50-day moving average price is $8.90 and its 200-day moving average price is $9.42.

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

About Husqvarna AB (publ)

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.