Meyer Burger Technology AG (OTCMKTS:MYBUF – Get Rating) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 62,006,000 shares, a growth of 23.2% from the March 31st total of 50,316,400 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 3,444.8 days.
Meyer Burger Technology Stock Performance
The business's 50 day moving average price is $0.67 and its two-hundred day moving average price is $0.57. Meyer Burger Technology has a 12-month low of $0.36 and a 12-month high of $0.78.
Get Meyer Burger Technology alerts:Analyst Upgrades and Downgrades
Several brokerages have weighed in on MYBUF. Stifel Nicolaus began coverage on Meyer Burger Technology in a research note on Wednesday, April 12th. They issued a "buy" rating on the stock. The Goldman Sachs Group started coverage on Meyer Burger Technology in a research note on Sunday, February 5th. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on Meyer Burger Technology in a research note on Friday. They issued a "buy" rating on the stock. Finally, BNP Paribas downgraded Meyer Burger Technology from an "outperform" rating to a "neutral" rating in a research note on Monday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $0.52.
Meyer Burger Technology Company Profile
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Meyer Burger Technology AG engages in the development of systems and production equipment for the solar photovoltaic market. It operates through the following segments: Modules, Photovoltaics, and Specialized Technologies. The Modules segment manufactures solar cells and modules. The Photovoltaics segment includes the processing of solar cells, solar modules and solar systems with its portfolio of systems, production equipment and services.
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