Shanghai Electric Group (OTCMKTS:SIELY) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELYGet Free Report)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.66 and traded as low as $6.58. Shanghai Electric Group shares last traded at $6.85, with a volume of 10,042 shares changing hands.

Shanghai Electric Group Stock Performance

The business’s 50 day moving average price is $7.66 and its 200 day moving average price is $5.36.

Shanghai Electric Group Company Profile

(Get Free Report)

Shanghai Electric Group Co, Ltd. provides industrial grade green intelligent system solutions in Mainland China and internationally. The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services. The Energy Equipment segment designs, manufactures, and sells nuclear power, energy storage, wind power, coal-fired power generation and corollary, and gas-fired power generation equipment; and vessels for chemical industry, as well as provides power grid and industrial intelligent power supply system solutions.

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