BELIMO (OTCMKTS:BLHWF) Stock Price Up 6.2% – Here’s Why

BELIMO Holding AG (OTCMKTS:BLHWFGet Free Report) rose 6.2% on Wednesday . The stock traded as high as $1,049.2220 and last traded at $1,049.2220. Approximately 10 shares changed hands during trading, a decline of 89% from the average daily volume of 93 shares. The stock had previously closed at $988.24.

Analyst Ratings Changes

Several research firms have commented on BLHWF. Jefferies Financial Group reaffirmed a “buy” rating on shares of BELIMO in a report on Thursday, February 26th. Barclays began coverage on BELIMO in a report on Wednesday, May 13th. They issued an “overweight” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Read Our Latest Report on BLHWF

BELIMO Stock Performance

The company’s 50-day moving average price is $869.28 and its 200 day moving average price is $990.07.

BELIMO Company Profile

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Belimo Holding AG (OTCMKTS:BLHWF) is a Switzerland?based manufacturer and developer of actuators, control valves, sensors and other control solutions for heating, ventilation and air?conditioning (HVAC) systems. The company’s products are designed to optimize energy efficiency, indoor comfort and operational reliability in commercial, residential and industrial buildings.

Founded in 1975 and headquartered in Hinwil, Switzerland, Belimo has grown into a global specialist in HVAC system control.

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