Pandora A/S (OTCMKTS:PANDY) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Pandora A/S (OTCMKTS:PANDY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.89 and traded as high as $44.16. Pandora A/S shares last traded at $43.70, with a volume of 7,030 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup upgraded Pandora A/S to a “strong-buy” rating in a report on Wednesday, October 2nd.

Pandora A/S Price Performance

The firm has a fifty day simple moving average of $42.83 and a two-hundred day simple moving average of $40.89.

About Pandora A/S

Pandora A/S engages in the design, manufacture, and marketing of hand-finished and contemporary jewelry. The company operates in two segments, Core and Fuel With More. It offers charms, bracelets, rings, earrings, necklaces, and pendants. The company sells its products through physical stores, online stores, and wholesale and third-party distribution in Denmark, the United States, China, the United Kingdom, Italy, Australia, France, Germany, Spain, Mexico, and internationally.