MERLIN Properties SOCIMI (OTCMKTS:MRPRF) Trading Down 5.7% – Should You Sell?

MERLIN Properties SOCIMI, S.A. (OTCMKTS:MRPRFGet Free Report) was down 5.7% during mid-day trading on Wednesday . The company traded as low as $9.94 and last traded at $9.94. Approximately 274 shares changed hands during trading, a decline of 80% from the average daily volume of 1,393 shares. The stock had previously closed at $10.54.

MERLIN Properties SOCIMI Price Performance

The firm’s 50-day simple moving average is $12.02 and its 200 day simple moving average is $11.60.

MERLIN Properties SOCIMI Company Profile

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MERLIN Properties SOCIMI, SA (MC:MRL) is the largest real estate company trading on the Spanish Stock Exchange. Specialized in the development, acquisition and management of commercial property in the Iberian region. MERLIN Properties mainly invests in offices, shopping centers, logistics facilities and data centers, within the Core and Core Plus segments, forming part of the benchmark IBEX-35, Euro STOXX 600, FTSE EPRA/NAREIT Global Real Estate, GPR Global Index, GPR-250 Index, MSCI Small Caps indices and DJSI.

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