Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) is lower by Wednesday morning, with the stock decreasing -1.38% in pre-market trading to 6.41. ERIC's short-term technical score of 56 indicates that the stock has traded more bullishly over the last month than 56% of stocks on the market. In the Communication Equipment industry, which ranks 77 out of 146 industries, ERIC ranks higher than 55% of stocks. Telefonaktiebolaget LM Ericsson ADR Class B has fallen 14.36% over the past month, closing at $7.30 on August 24. During this period of time, the stock fell as low as $6.50 and as high as $7.53. ERIC has an average analyst recommendation of Buy. The company has an average price target of $11.00.
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Telefonaktiebolaget LM Ericsson ADR Class B has a Long-Term Technical rank of 26. This means that trading over the last 200 trading days has placed the company in the lower half of stocks with 74% of the market scoring higher. In the Communication Equipment industry which is number 47 by this metric, ERIC ranks better than 47% of stocks.
Should You Accumulate Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) Stock Wednesday Morning?
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ERIC has an Overall Score of 47. Find out what this means to you and get the rest of the rankings on ERIC!