Meyer Burger Technology (OTCMKTS:MYBUF) Share Price Passes Below 50-Day Moving Average – Here’s Why

Meyer Burger Technology AG (OTCMKTS:MYBUFGet Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.05 and traded as low as $0.04. Meyer Burger Technology shares last traded at $0.04, with a volume of 27 shares changing hands.

Meyer Burger Technology Price Performance

The business’s 50-day moving average price is $0.05 and its 200 day moving average price is $0.07.

About Meyer Burger Technology

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Meyer Burger Technology AG is a Switzerland?based company specializing in the development and production of advanced photovoltaic equipment and solar modules. The company’s core business revolves around supplying manufacturing systems for the solar industry, including technologies for wafer slicing, cell structuring, coating, and module assembly. Meyer Burger’s product portfolio also extends to turnkey production lines, performance optimization solutions and after?sales services, catering to both equipment manufacturers and solar panel producers worldwide.

In recent years, Meyer Burger has expanded its activities beyond equipment supply by establishing its own module production facilities.

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