Geberit AG (OTCMKTS:GBERY – Get Free Report) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 99 shares, a drop of 96.2% from the February 26th total of 2,617 shares. Based on an average daily volume of 34,296 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 34,296 shares, the short-interest ratio is presently 0.0 days.
Geberit Price Performance
Shares of GBERY stock traded down $0.90 on Tuesday, hitting $67.60. 40,803 shares of the company’s stock traded hands, compared to its average volume of 11,125. Geberit has a one year low of $58.94 and a one year high of $84.91. The company’s fifty day simple moving average is $77.54 and its 200 day simple moving average is $76.89.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Morgan Stanley reissued an “underweight” rating on shares of Geberit in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Geberit to a “hold” rating in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Geberit presently has a consensus rating of “Hold”.
About Geberit
Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.
Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.
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