Geberit (OTCMKTS:GBERY) Hits New 12-Month Low – Here’s Why

Geberit AG (OTCMKTS:GBERY)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $61.83 and last traded at $62.27, with a volume of 8103 shares trading hands. The stock had previously closed at $63.43.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Geberit to a “hold” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Geberit presently has an average rating of “Reduce”.

Geberit Price Performance

The stock has a market capitalization of $20.95 billion and a P/E ratio of 52.67. The stock’s fifty day moving average is $66.44 and its two-hundred day moving average is $73.37.

Geberit Company Profile

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.