Bechtle (OTCMKTS:BECTY) Trading Down 13.6% – Here’s What Happened

by · The Markets Daily

Bechtle AG (OTCMKTS:BECTY – Get Free Report)’s stock price fell 13.6% during mid-day trading on Thursday . The company traded as low as $9.72 and last traded at $9.72. 150 shares changed hands during trading, a decline of 85% from the average session volume of 972 shares. The stock had previously closed at $11.25.

Wall Street Analyst Weigh In

Separately, BNP Paribas upgraded Bechtle from an “underperform” rating to an “outperform” rating in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Read Our Latest Research Report on BECTY

Bechtle Stock Performance

The stock has a 50-day moving average price of $9.99 and a 200-day moving average price of $9.41.

Bechtle Company Profile

(Get Free Report)

Bechtle AG is a Europe-based provider of IT infrastructure and services, operating through two main segments: IT Systemhaus & Managed Services and IT E-commerce. In its Systemhaus division, Bechtle delivers design, implementation and support for data center solutions, network and security architectures, cloud services, managed print services and workplace management. Its E-commerce segment offers customers direct access to a broad catalogue of hardware, software and peripherals from leading global vendors via online platforms tailored to private and public sector clients.

Founded in 1983 and headquartered in Neckarsulm, Germany, Bechtle has grown organically and through acquisitions to establish a presence in more than a dozen European countries.

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