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

Shanghai Electric Group logo with Industrials background

Key Points

  • Shanghai Electric Group's shares experienced a significant gap down, opening at $12.00 after closing at $13.35, indicating a drop in valuation before the market opened on Tuesday.
  • As of the latest trading, the stock maintained a trading volume of 323 shares at the $12.00 price point.
  • The company's business segments include Energy Equipment, Industrial Equipment, and Integration Services, focusing on green intelligent system solutions and various power generation technologies.
  • Five stocks to consider instead of Shanghai Electric Group.

Shares of Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $13.35, but opened at $12.00. Shanghai Electric Group shares last traded at $12.00, with a volume of 323 shares traded.

Shanghai Electric Group Trading Down 1.1%

The business has a fifty day moving average price of $9.77 and a 200-day moving average price of $7.83.

About Shanghai Electric Group

(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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