Shanghai Electric Group (OTCMKTS:SIELY) Shares Gap Up - Time to Buy?

Key Points

• Shanghai Electric Group's shares gapped up on Friday, opening at $8.70 compared to a previous close of $8.35, reflecting a 4.2% increase.
• The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services, offering solutions both in Mainland China and internationally.
• Shanghai Electric's 50-day moving average stands at $8.09, while its 200-day moving average is $7.14, indicating a positive upward trend in stock performance.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - ) gapped up before the market opened on Friday . The stock had previously closed at $8.35, but opened at $8.70. Shanghai Electric Group shares last traded at $8.70, with a volume of 1,646 shares changing hands.

Shanghai Electric Group Trading Up 4.2%

The stock has a 50-day simple moving average of $8.09 and a two-hundred day simple moving average of $7.14.

About Shanghai Electric Group

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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