Nemetschek (OTCMKTS:NEMTF) Shares Cross Below 50-Day Moving Average of $105.81

Shares of Nemetschek SE (OTCMKTS:NEMTFGet Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $105.81 and traded as low as $87.20. Nemetschek shares last traded at $87.20, with a volume of 0 shares.

A number of research firms have recently issued reports on NEMTF. Morgan Stanley dropped their price target on Nemetschek from €85.00 ($89.47) to €78.50 ($82.63) in a research note on Wednesday, May 4th. Berenberg Bank started coverage on Nemetschek in a research note on Friday, February 18th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $88.25.

The company has a 50-day moving average of $105.81 and a two-hundred day moving average of $116.19.

About Nemetschek (OTCMKTS:NEMTF)

Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets in Germany, rest of Europe, the Americas, the Asia Pacific, and internationally. It operates through four segments: Design, Build, Manage, and Media & Entertainment. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Solibri, Precast, Vectorworks, SCIA, dRofus, Data Design System, Frilo, and RISA brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors.

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