Shanghai Electric Group (OTCMKTS:SIELY) Stock Price Up 10.8% - What's Next?

Key Points

• Shanghai Electric Group's stock price rose by 10.8% during Thursday's trading, reaching as high as $9.10 before closing at $8.87.
• The trading volume was approximately 1,282 shares, a significant increase of 1,395% from the average daily volume of 86 shares.
• Shanghai Electric Group is engaged in providing industrial grade green intelligent system solutions, with operations across three segments: Energy Equipment, Industrial Equipment, and Integration Services.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - ) shares traded up 10.8% during mid-day trading on Thursday . The stock traded as high as $9.10 and last traded at $8.87. Approximately 1,282 shares changed hands during trading, an increase of 1,395% from the average daily volume of 86 shares. The stock had previously closed at $8.01.

Shanghai Electric Group Price Performance

The company's 50-day moving average is $7.10 and its 200 day moving average is $6.81.

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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