Nordex (OTCMKTS:NRDXF) Shares Down 1.2% – Time to Sell?

Nordex SE (OTCMKTS:NRDXF)’s stock price was down 1.2% during mid-day trading on Friday . The company traded as low as $45.25 and last traded at $45.25. Approximately 200 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 404 shares. The stock had previously closed at $45.80.

Analyst Upgrades and Downgrades

NRDXF has been the subject of a number of research reports. Citigroup upgraded shares of Nordex from a “neutral” rating to a “buy” rating in a research report on Tuesday. Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Nordex Trading Down 1.2%

The business has a fifty day moving average price of $47.21 and a 200 day moving average price of $49.59.

About Nordex

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.