Alfen (OTC:ALFNF) Shares Down 5.2% – Should You Sell?

Alfen (OTC:ALFNF)’s stock price fell 5.2% during trading on Thursday . The stock traded as low as $11.00 and last traded at $11.00. 4,500 shares traded hands during trading, an increase of 494% from the average session volume of 757 shares. The stock had previously closed at $11.60.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf cut Alfen from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Alfen Trading Down 5.2%

The business’s 50 day moving average is $11.15 and its two-hundred day moving average is $11.19.

Alfen Company Profile

Alfen N.V., through its subsidiaries, engages in the design, engineering, development, production, and service of smart grids, energy storage systems,and electric vehicle charging equipment. The company offers smart grid solutions, including secondary transformer substations for grid operators, devices for grid automation, and proprietary back-end systems for remote management and control of electricity grids, as well as micro-grids; and supplementary offerings to grid connect amongst others PV farms, electric vehicle (EV) fast-charging hubs, and industrial companies.