Shanghai Electric Group (OTCMKTS:SIELY) Shares Gap Down - What's Next?

Key Points

• Shanghai Electric Group shares experienced a gap down, opening at $9.85 after closing at $10.12, indicating a decrease of 2.7%.
• The company's fifty-day moving average price now stands at $8.72, significantly above the two-hundred-day moving average of $7.35.
• Shanghai Electric operates in three segments: Energy Equipment, Industrial Equipment, and Integration Services, specializing in various power generation solutions.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - )'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.12, but opened at $9.85. Shanghai Electric Group shares last traded at $9.85, with a volume of 100 shares trading hands.

Shanghai Electric Group Stock Down 2.7%

The stock's fifty day moving average price is $8.72 and its two-hundred day moving average price is $7.35.

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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