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Shanghai Electric Group (OTCMKTS:SIELY) Trading 7% Higher - Still a Buy?

Shanghai Electric Group logo with Industrials background

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - Get Free Report) rose 7% on Wednesday . The stock traded as high as $6.15 and last traded at $6.15. Approximately 250 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 3,714 shares. The stock had previously closed at $5.75.

Shanghai Electric Group Stock Up 6.1 %

The stock's fifty day moving average price is $6.50 and its 200-day moving average price is $6.92.

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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