Husqvarna AB (publ) (OTCMKTS:HUSQF) Stock Price Up 5.2% – Still a Buy?

Husqvarna AB (publ) (OTCMKTS:HUSQF) shot up 5.2% during trading on Wednesday . The company traded as high as $3.97 and last traded at $3.97. Approximately 100 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 28,073 shares. The stock had previously closed at $3.7750.

Husqvarna AB (publ) Stock Performance

The business’s 50-day simple moving average is $3.94 and its 200-day simple moving average is $4.34.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Swedish-based global manufacturer of outdoor power products, serving both consumer and professional markets. The company’s portfolio includes chainsaws, trimmers, brushcutters, robotic mowers, ride-on lawn mowers, garden tractors, hedge trimmers and pressure washers. Husqvarna also offers a range of construction products such as light towers, handheld power cutters and demolition robots under its Construction division.

Husqvarna operates through several business segments, including the Forestry & Garden division for consumer and professional forestry and landscaping equipment, the Lawn & Garden division for residential lawn care products, and the Construction division for infrastructure and demolition solutions.