Forvia (OTCMKTS:FURCF) Shares Down 0.7% – Here’s Why

Forvia SE (OTCMKTS:FURCF)’s stock price traded down 0.7% on Wednesday . The stock traded as low as $10.2950 and last traded at $10.2950. 127 shares were traded during trading, a decline of 97% from the average daily volume of 4,185 shares. The stock had previously closed at $10.3630.

Analyst Ratings Changes

A number of analysts have recently issued reports on FURCF shares. Citigroup reissued a “buy” rating on shares of Forvia in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Forvia in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Forvia Stock Performance

The stock’s 50-day moving average is $9.96 and its two-hundred day moving average is $10.93.

About Forvia

Forvia SE is a global automotive technology supplier formed through the combination of French automotive-equipment company Faurecia and German lighting and electronics specialist HELLA. The Forvia brand was introduced following Faurecia’s acquisition of a controlling interest in HELLA, completed in 2022, bringing the two businesses together while retaining their respective operating expertise and product portfolios.

The company develops and supplies components and systems for vehicle manufacturers, including automotive seating, interiors, lighting, electronics, and clean-mobility technologies.