Handelsbanken is sticking with its buy recommendation for helmet safety company Mips.

In an analysis, SHB writes that the share has performed well since May, but that Mips is still seen as a long-term case.

"The business is valued at 13 times operating profit based on our forecast for 2029, and we continue to argue that it is a good investment," it said. However, the share is trading down 5 percent at SEK 441.40 on a relatively weak stock market.