Shares of TAV Havalimanlari Holding A.S. (OTCMKTS:TAVHY) dropped 7.5% on Tuesday . The stock traded as low as $8.80 and last traded at $9.13. Approximately 3,000 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 3,362 shares. The stock had previously closed at $9.87.
Separately, BGC Financial upgraded TAV Havalimanlari Holding A.S. from a “hold” rating to a “buy” rating in a research note on Thursday, February 18th.
The company has a 50 day simple moving average of $9.84.
TAV Havalimanlari Holding A.S., together with its subsidiaries, constructs terminal buildings, and manages and operates terminals or airports in Turkey, Georgia, Tunisia, Macedonia, Latvia, Oman, Spain, Saudi Arabia, and internationally. It operates through Terminal Operations, Catering Operations, Duty Free Operations, Ground Handling and Bus Operations, and Other segments.
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