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Shanghai Electric Group (OTCMKTS:SIELY) Shares Gap Up - Should You Buy?

Shanghai Electric Group logo with Industrials background

Key Points

  • Shares of Shanghai Electric Group gapped up from $8.70 to $9.30 before trading, reflecting a 6.9% increase.
  • The stock is currently trading at $9.30 with a small volume of 100 shares exchanging hands.
  • Shanghai Electric Group operates in sectors including Energy Equipment and Industrial Equipment, providing green intelligent system solutions globally.
  • Five stocks to consider instead of Shanghai Electric Group.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $8.70, but opened at $9.30. Shanghai Electric Group shares last traded at $9.30, with a volume of 100 shares changing hands.

Shanghai Electric Group Price Performance

The business has a 50-day moving average of $8.40 and a 200-day moving average of $7.23.

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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