Thule Group AB (publ) (OTCMKTS:THUPY) Downgraded by Handelsbanken to “Market Perform”

Handelsbanken lowered shares of Thule Group AB (publ) (OTCMKTS:THUPY – Get Rating) from an outperform rating to a market perform rating in a research report sent to investors on Tuesday, The Fly reports.

A number of other research firms have also commented on THUPY. SEB Equities lowered shares of Thule Group AB (publ) from a buy rating to a hold rating in a research note on Friday, October 28th. Jefferies Financial Group assumed coverage on shares of Thule Group AB (publ) in a research note on Tuesday, September 27th. They issued a hold rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold.

Thule Group AB (publ) Trading Up 3.4 %

Shares of THUPY stock opened at $12.40 on Tuesday. The stock has a fifty day moving average of $11.41 and a two-hundred day moving average of $11.56. Thule Group AB has a 1 year low of $8.88 and a 1 year high of $25.79.

About Thule Group AB (publ)

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Thule Group AB is a holding company that engages in the manufacture of sports and outdoor products. The company was founded in 1942 and is headquartered in Malmö, Sweden.