Otis Worldwide Corp traded at $69.92 this Wednesday June 3rd, decreasing $0.41 or 0.58 percent since the previous trading session. Looking back, over the last four weeks, Otis Worldwide lost 7.85 percent. Over the last 12 months, its price fell by 26.61 percent. Looking ahead, we forecast Otis Worldwide Corp to be priced at 69.43 by the end of this quarter and at 65.37 in one year, according to Trading Economics global macro models projections and analysts expectations.
Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. The Company’s segments include New Equipment and Service. The New Equipment segment designs, manufactures, sell and installs a range of passenger and freight elevators, and escalators and moving walkways for residential, commercial and infrastructure projects. Its elevator and escalator solutions include Gen2, Gen3, Gen360 and SkyRise. Through its Service segment, it performs maintenance and repair services, and modernization services to upgrade elevators and escalators. Through its network of service sales personnel, it sells its services directly to customers in all significant elevator and escalator verticals around the world. It serves customers in over 200 countries and territories around the world. The SkyRise advanced elevator platform combines cutting-edge technologies and precision engineering to deliver solutions for residential, commercial and mixed-use skyscrapers.