Shares of Schaeffler AG (OTCMKTS:SFFLY – Get Free Report) saw strong trading volume on Thursday. Approximately 39,241 shares traded hands during trading, an increase of 568% from the average daily volume of 5,876 shares. The stock last traded at $7.01 and had previously closed at $6.66.
Schaeffler Trading Down 6.8%
The stock has a fifty day simple moving average of $7.60 and a 200 day simple moving average of $9.60.
About Schaeffler
Schaeffler AG is a Germany-based global supplier of automotive and industrial components and systems. The company develops and manufactures rolling and plain bearings, precision components, drivetrain technologies, and related products used in vehicles, machinery, wind turbines, aerospace applications, and other industrial equipment.
In the automotive sector, Schaeffler provides products for engines, transmissions, chassis, and vehicle electrification, including hybrid and electric-drive components.
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