Shanghai Electric Group (OTCMKTS:SIELY) Hits New 52-Week High - Time to Buy?

Key Points

• Shanghai Electric Group recently reached a new 52-week high, trading at $12.76, marking a significant increase from its previous close of $11.23.
• The stock is up 13.6% and shows consistent upward momentum with a 50-day moving average of $9.28 and a 200-day moving average of $7.59.
• Shanghai Electric Group operates in energy equipment, industrial equipment, and integration services, providing solutions related to nuclear power, wind power, and energy storage.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - ) hit a new 52-week high during trading on Monday . The company traded as high as $12.76 and last traded at $12.76, with a volume of 354 shares trading hands. The stock had previously closed at $11.23.

Shanghai Electric Group Stock Up 13.6%

The stock has a 50 day moving average of $9.28 and a 200-day moving average of $7.59.

About Shanghai Electric Group

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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