Delivery Hero (OTCMKTS:DLVHF) Shares Down 2.2% – Here’s Why

Delivery Hero SE (OTCMKTS:DLVHF)’s share price was down 2.2% during trading on Thursday . The company traded as low as $29.35 and last traded at $29.35. Approximately 3,142 shares were traded during mid-day trading, an increase of 173% from the average daily volume of 1,149 shares. The stock had previously closed at $30.00.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DLVHF. Barclays upgraded shares of Delivery Hero to a “strong-buy” rating in a report on Thursday, January 9th. BNP Paribas downgraded shares of Delivery Hero from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Citigroup raised Delivery Hero to a “hold” rating in a research report on Tuesday, October 15th.

Delivery Hero Price Performance

The firm has a fifty day simple moving average of $33.37 and a two-hundred day simple moving average of $31.52.

About Delivery Hero

Delivery Hero SE offers online food ordering and delivery services. It operates approximately in 70 countries in Asia, the Middle East, Africa, Europe, and Latin America. The company was founded in 2011 and is headquartered in Berlin, Germany.