PowerCell Sweden AB (Publ) (OTCMKTS:PCELF) Shares Down 5%

Defense World ·  Nov 15, 2022 01:41

PowerCell Sweden AB (publ) (OTCMKTS:PCELF – Get Rating)'s stock price traded down 5% on Monday . The company traded as low as $11.70 and last traded at $11.70. 1,100 shares traded hands during mid-day trading, an increase of 103% from the average session volume of 543 shares. The stock had previously closed at $12.31.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group assumed coverage on PowerCell Sweden AB (publ) in a research report on Tuesday, October 11th. They issued a "hold" rating for the company. Berenberg Bank reduced their price target on PowerCell Sweden AB (publ) from SEK 208 to SEK 150 and set a "hold" rating for the company in a research report on Monday, October 24th.

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PowerCell Sweden AB (publ) Stock Performance

The firm has a 50-day moving average of $12.16 and a two-hundred day moving average of $13.95.

About PowerCell Sweden AB (publ)

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PowerCell Sweden AB (publ) develops and produces fuel cells and fuel cell systems for automotive, marine, and stationary applications in Sweden and internationally. It offers PowerCell S2 based solutions that comprise PowerCell MS-30, a fuel cell system for battery-operated electric vehicles; PowerCell PS-5, a fuel cell system that is used for electricity generation, as well as an auxiliary power generator for telecom, traffic, building, and household applications; and PowerCell S2 fuel cell stack.

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