Shanghai Electric Group (OTCMKTS:SIELY) Shares Down 9.1% - Here's Why

Key Points

• Shanghai Electric Group's shares fell by 9.1% during midday trading, dropping to $12.14 after closing at $13.35.
• The trading volume significantly increased, with 4,012 shares changing hands, representing a 112% rise compared to the average session volume.
• Shanghai Electric Group operates through three main segments: Energy Equipment, Industrial Equipment, and Integration Services.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - )'s share price traded down 9.1% during mid-day trading on Thursday . The stock traded as low as $12.14 and last traded at $12.14. 4,012 shares changed hands during mid-day trading, an increase of 112% from the average session volume of 1,893 shares. The stock had previously closed at $13.35.

Shanghai Electric Group Price Performance

The company's 50-day simple moving average is $9.58 and its 200-day simple moving average is $7.70.

Shanghai Electric Group Company Profile

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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