Nordex (OTCMKTS:NRDXF) Trading Down 10.6% – Should You Sell?

Nordex SE (OTCMKTS:NRDXF)’s share price was down 10.6% during mid-day trading on Friday . The stock traded as low as $45.77 and last traded at $45.77. Approximately 1,813 shares were traded during mid-day trading, an increase of 245% from the average daily volume of 526 shares. The stock had previously closed at $51.18.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup restated a “neutral” rating on shares of Nordex in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Nordex presently has an average rating of “Hold”.

Nordex Trading Down 10.6%

The business’s 50-day simple moving average is $53.01 and its 200-day simple moving average is $43.82.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.