BELIMO (OTCMKTS:BLHWF) Stock Price Up 9.1% – What’s Next?

BELIMO Holding AG (OTCMKTS:BLHWF) rose 9.1% on Wednesday . The stock traded as high as $1,200.00 and last traded at $1,200.00. Approximately 5 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 94 shares. The stock had previously closed at $1,100.00.

Analysts Set New Price Targets

BLHWF has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of BELIMO in a report on Thursday, February 26th. Morgan Stanley raised BELIMO from an “underweight” rating to an “overweight” rating in a research report on Monday. BNP Paribas Exane raised BELIMO to an “outperform” rating in a research report on Friday, June 5th. Finally, Barclays reissued an “overweight” rating on shares of BELIMO in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

BELIMO Stock Up 9.1%

The company has a fifty day moving average of $938.62 and a 200 day moving average of $990.59.

About BELIMO

Belimo Holding AG (OTCMKTS:BLHWF) is a Switzerland‐based manufacturer and developer of actuators, control valves, sensors and other control solutions for heating, ventilation and air‐conditioning (HVAC) systems. The company’s products are designed to optimize energy efficiency, indoor comfort and operational reliability in commercial, residential and industrial buildings.

Founded in 1975 and headquartered in Hinwil, Switzerland, Belimo has grown into a global specialist in HVAC system control.