Geberit (OTCMKTS:GBERY) Trading Down 1.1% – Here’s What Happened

Geberit AG (OTCMKTS:GBERY) dropped 1.1% on Tuesday . The stock traded as low as $65.44 and last traded at $65.44. Approximately 9,929 shares traded hands during trading, a decline of 33% from the average session volume of 14,900 shares. The stock had previously closed at $66.18.

Analyst Ratings Changes

GBERY has been the topic of a number of research analyst reports. Zacks Research raised Geberit to a “hold” rating in a report on Wednesday, May 13th. Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Geberit Stock Performance

The firm’s 50-day simple moving average is $65.21 and its 200-day simple moving average is $71.70. The company has a market capitalization of $21.73 billion and a price-to-earnings ratio of 52.67.

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.