Pandora A/S (OTCMKTS:PANDY) Stock Passes Above 200-Day Moving Average – Here’s Why

Pandora A/S (OTCMKTS:PANDY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $47.05 and traded as high as $56.21. Pandora A/S shares last traded at $47.05, with a volume of 24,037 shares traded.

Analyst Ratings Changes

PANDY has been the subject of several recent analyst reports. Hsbc Global Res downgraded Pandora A/S from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 7th. UBS Group upgraded shares of Pandora A/S to a “strong sell” rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Pandora A/S Stock Performance

The firm has a fifty day simple moving average of $47.05 and a two-hundred day simple moving average of $47.05.

Pandora A/S (OTCMKTS:PANDY) last posted its earnings results on Friday, August 15th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.20). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 billion.

Pandora A/S Company Profile

Pandora A/S engages in the design, manufacture, and marketing of hand-finished and contemporary jewelry. The company operates in two segments, Core and Fuel With More. It offers charms, bracelets, rings, earrings, necklaces, and pendants. The company sells its products through physical stores, online stores, and wholesale and third-party distribution in Denmark, the United States, China, the United Kingdom, Italy, Australia, France, Germany, Spain, Mexico, and internationally.