Why did Mips move?
Written after the close on
Mips rose again in the latest session, outpacing a rising Stockholm market. Mips, the Swedish maker of helmet-based rotational-impact safety systems, climbed clearly over the past five trading days even as the broad Stockholm market slipped, so it moved against the market. The likely driver is a pair of upbeat broker calls from last week — Handelsbanken and Pareto both reiterated buy ratings and pointed to continued strong growth — which probably kept buyers engaged into this week. Watch the late-October earnings report for confirmation of the growth the analysts expect.
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