EQT AB (publ) (OTCMKTS:EQBBF) Shares Up 9.2% – Here’s What Happened

EQT AB (publ) (OTCMKTS:EQBBF) shares shot up 9.2% on Friday . The stock traded as high as $35.50 and last traded at $35.50. Approximately 18,565 shares changed hands during trading, an increase of 256% from the average daily volume of 5,213 shares. The stock had previously closed at $32.50.

Analyst Ratings Changes

Several research firms have recently weighed in on EQBBF. Citigroup cut EQT AB (publ) from a “buy” rating to a “neutral” rating in a report on Monday, April 13th. Oddo Bhf raised shares of EQT AB (publ) to an “outperform” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, EQT AB (publ) has an average rating of “Moderate Buy”.

EQT AB (publ) Stock Performance

The company’s 50-day simple moving average is $31.07 and its 200 day simple moving average is $31.65.

About EQT AB (publ)

EQT AB (publ) is a leading global investment organization offering private equity, infrastructure, real assets and credit strategies. Through its subsidiaries and funds, the company partners with portfolio companies at various stages of development, providing capital, operational expertise and strategic support to drive growth and value creation. EQT’s investment activities span a range of industries, including healthcare, technology, industrials and consumer goods, where it seeks to bolster innovation and long-term performance.

Founded in 1994 and headquartered in Stockholm, Sweden, EQT has evolved from a single Swedish buyout fund into one of Europe’s foremost private markets investors.