NF Energy Saving (NASDAQ:BIMI) Sees Large Volume Increase

NF Energy Saving Corp (NASDAQ:BIMI) shares saw unusually-high trading volume on Monday . Approximately 4,006,330 shares traded hands during mid-day trading, an increase of 1,094% from the previous session’s volume of 335,610 shares.The stock last traded at $3.39 and had previously closed at $2.63.

Separately, ValuEngine raised shares of NF Energy Saving from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

The company has a fifty day moving average of $4.16 and a two-hundred day moving average of $2.75.

NF Energy Saving Company Profile (NASDAQ:BIMI)

NF Energy Saving Corporation, through its subsidiaries, engages in the production and sale of energy-saving and intelligent flow control equipment in the People's Republic of China. The company manufactures large diameter energy efficient intelligent flow control systems for thermal and nuclear power generation plants, and national and regional water supply projects, as well as for municipal water, gas, and heat supply pipeline networks.

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