Mips AB (publ) (OTC:MPZAF) Downgraded to Underperform at Handelsbanken

Handelsbanken downgraded shares of Mips AB (publ) (OTC:MPZAFGet Rating) from a market perform rating to an underperform rating in a report released on Tuesday morning, The Fly reports.

A number of other research firms have also weighed in on MPZAF. Berenberg Bank lowered their target price on shares of Mips AB (publ) from SEK 480 to SEK 330 and set a hold rating on the stock in a report on Thursday, October 20th. Pareto Securities lowered shares of Mips AB (publ) from a buy rating to a hold rating in a research note on Tuesday, October 18th. Finally, Jefferies Financial Group assumed coverage on shares of Mips AB (publ) in a research note on Tuesday, September 27th. They issued a buy rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Mips AB (publ) currently has a consensus rating of Hold and an average price target of $330.00.

Mips AB (publ) Stock Performance

MPZAF opened at $57.70 on Tuesday. Mips AB has a fifty-two week low of $57.70 and a fifty-two week high of $57.70. The company’s 50-day moving average is $57.70 and its 200 day moving average is $57.70.

About Mips AB (publ)

(Get Rating)

MIPS AB (publ) manufactures and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia. It offers sports helmets for biking, skiing and snowboarding, equestrian, team sports, climbing, and white water rafting; and road motorcycle and motocross helmets. The company also provides safety helmets for industrial use, and legal enforcement and armed forces.

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Analyst Recommendations for Mips AB (publ) (OTC:MPZAF)

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