Geberit (OTCMKTS:GBERY) Shares Gap Up – Time to Buy?

Shares of Geberit AG (OTCMKTS:GBERY) gapped up before the market opened on Wednesday . The stock had previously closed at $65.5930, but opened at $70.65. Geberit shares last traded at $70.75, with a volume of 1,111 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GBERY shares. Zacks Research raised shares of Geberit to a “hold” rating in a research report on Wednesday, May 13th. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Geberit presently has an average rating of “Reduce”.

Geberit Price Performance

The firm has a 50 day moving average of $65.88 and a 200-day moving average of $69.11.

Geberit Company Profile

Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.

Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.