Shanghai Electric Group (OTCMKTS:SIELY) Sets New 52-Week High - Still a Buy?

Key Points

• Shanghai Electric Group (OTCMKTS:SIELY) has reached a new 52-week high of $11.70, with a notable increase of 24.4% in recent trading.
• The stock's previous closing price was $9.85, indicating significant growth leading to its current high.
• Shanghai Electric operates in various segments including Energy Equipment, providing a range of solutions such as nuclear power and renewable energy systems.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - ) hit a new 52-week high on Friday . The stock traded as high as $11.70 and last traded at $11.70, with a volume of 186 shares trading hands. The stock had previously closed at $9.85.

Shanghai Electric Group Trading Up 24.4%

The stock has a fifty day simple moving average of $8.82 and a two-hundred day simple moving average of $7.39.

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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