NIBE Industrier AB (publ) (NDRBF) Expected to Release Earnings on Tuesday

NIBE Industrier AB (publ) (OTCMKTS:NDRBF) is expected to be posting its results before the market opens on Tuesday, November 17th. Analysts expect NIBE Industrier AB (publ) to announce earnings of $0.0448 per share and revenue of $1.10 billion for the quarter.

NIBE Industrier AB (publ) Price Performance

Shares of NDRBF opened at $4.70 on Tuesday. NIBE Industrier AB has a twelve month low of $3.50 and a twelve month high of $4.87. The firm’s 50 day moving average price is $4.51 and its two-hundred day moving average price is $4.14.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NDRBF shares. Barclays reaffirmed an “underweight” rating on shares of NIBE Industrier AB (publ) in a research report on Monday, August 24th. Citigroup reiterated a “neutral” rating on shares of NIBE Industrier AB (publ) in a report on Tuesday, August 25th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About NIBE Industrier AB (publ)

NIBE Industrier AB (publ) is a Sweden-based manufacturer of products and solutions for indoor climate, heating, cooling and energy efficiency. The company serves residential, commercial and industrial customers through three main business areas: Climate Solutions, Element and Stoves.

Its Climate Solutions business offers heat pumps, water heaters, heating systems, ventilation products and related climate-control technologies. The Element business develops and manufactures electric heating elements and components for applications such as appliances, industrial equipment and infrastructure.