MIPS AB (publ) (OTC:MPZAF) Rating Lowered to Hold at Berenberg Bank

MIPS AB (publ) (OTC:MPZAFGet Rating) was downgraded by equities researchers at Berenberg Bank from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, The Fly reports. They presently have a $600.00 target price on the stock.

Shares of MPZAF stock opened at $57.70 on Wednesday. The stock’s 50-day moving average price is $50.59 and its 200 day moving average price is $41.59. MIPS AB has a 52-week low of $57.70 and a 52-week high of $57.70.

About MIPS AB (publ) (Get Rating)

MIPS AB (publ) manufactures and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia. It offers sports helmets for biking, skiing and snowboarding, equestrian, team sports, climbing, and white water rafting; and road motorcycle and motocross helmets. The company also provides safety helmets for industrial use, and legal enforcement and armed forces.

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