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Shanghai Electric Group (OTCMKTS:SIELY) Trading Down 5.9% - Here's Why

Shanghai Electric Group logo with Industrials background

Key Points

  • Shanghai Electric Group's share price declined by 5.9%, trading at $8.35 during mid-day on Thursday.
  • A total of approximately 127 shares were traded, marking a 56% increase from the average daily volume of 82 shares.
  • The company focuses on providing industrial grade green intelligent system solutions across various sectors, including energy and industrial equipment.
  • Interested in Shanghai Electric Group? Here are five stocks we like better.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - Get Free Report)'s share price dropped 5.9% during mid-day trading on Thursday . The stock traded as low as $8.35 and last traded at $8.35. Approximately 127 shares traded hands during trading, an increase of 56% from the average daily volume of 82 shares. The stock had previously closed at $8.87.

Shanghai Electric Group Stock Performance

The business's fifty day moving average price is $8.05 and its 200 day moving average price is $7.13.

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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