Mips AB (publ) (OTC:MPZAF) Cut to “Sell” at Pareto Securities

Mips AB (publ) (OTC:MPZAF – Get Rating) was downgraded by stock analysts at Pareto Securities from a “hold” rating to a “sell” rating in a report released on Wednesday, The Fly reports.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group started coverage on Mips AB (publ) in a research note on Tuesday, September 27th. They issued a “buy” rating on the stock. Handelsbanken cut Mips AB (publ) from a “market perform” rating to an “underperform” rating in a research note on Tuesday. Finally, Berenberg Bank lowered their target price on Mips AB (publ) from SEK 480 to SEK 330 and set a “hold” rating on the stock in a research note on Thursday, October 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Mips AB (publ) has an average rating of “Hold” and an average price target of $330.00.

Mips AB (publ) Price Performance

OTC:MPZAF opened at $57.70 on Wednesday. The business’s 50-day moving average price is $57.70 and its 200 day moving average price is $57.70. 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.