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Gurit Holding AG ( (CH:GURN) ) has shared an update.
Gurit Holding AG has announced the sale of its 50% stake in Xeltrusion SRL to Alessio Morino, who now becomes the sole owner of the company. Despite the sale, Gurit will maintain a collaborative relationship with Xeltrusion SRL, focusing on enhancing production efficiency and fostering technological innovation. This strategic move allows Gurit to streamline its operations while continuing to benefit from Xeltrusion’s expertise in extrusion foaming technologies.
The most recent analyst rating on (CH:GURN) stock is a Hold with a CHF14.00 price target. To see the full list of analyst forecasts on Gurit Holding AG stock, see the CH:GURN Stock Forecast page.
More about Gurit Holding AG
Gurit Holding AG, based in Wattwil, Switzerland, specializes in the development and manufacture of advanced composite materials, composite tooling equipment, and core kitting services. The company supplies structural core materials, structural profiles, prepregs, and formulated products such as adhesives and resins. Gurit serves global growth markets including the wind turbine industry, marine, and building sectors, with operations in multiple countries worldwide.
Average Trading Volume: 3,236
Current Market Cap: CHF50.07M
See more data about GURN stock on TipRanks’ Stock Analysis page.