Wallbox (NYSE:WBX) Downgraded by Stifel Nicolaus to “Hold”

Wallbox (NYSE:WBX) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat reports.

Other research analysts have also issued research reports about the company. UBS Group reduced their price objective on Wallbox from $1.75 to $1.25 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Canaccord Genuity Group reduced their price target on shares of Wallbox from $4.00 to $3.25 and set a “buy” rating for the company in a report on Tuesday, July 9th.

Wallbox Trading Up 1.9 %

Shares of NYSE WBX opened at $0.96 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.16 and a quick ratio of 0.68. The firm’s 50-day moving average price is $1.22 and its two-hundred day moving average price is $1.35. Wallbox has a 52-week low of $0.82 and a 52-week high of $2.09.

Institutional Trading of Wallbox

An institutional investor recently bought a new position in Wallbox stock. J. Stern & Co. LLP purchased a new stake in shares of Wallbox (NYSE:WBX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the company’s stock, valued at approximately $66,000. Institutional investors own 36.94% of the company’s stock.

About Wallbox

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use worldwide. The company operates in three segments: Europe-Middle East and Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, Pulsar Plus Socket, Pulsar Max, and Pulsar Pro, an AC smart chargers for home and shared spaces; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar 2, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks; as well as Wallbox ABL eM4 Single and Twin chargers and eMC3 charging pole.