Befesa (OTC:BFSAF) Shares Up 2.2% – Still a Buy?

Befesa S.A. (OTC:BFSAFGet Free Report)’s share price shot up 2.2% on Monday . The company traded as high as $28.35 and last traded at $28.35. 450 shares changed hands during mid-day trading, an increase of 350% from the average session volume of 100 shares. The stock had previously closed at $27.75.

Befesa Price Performance

The company has a 50 day moving average of $27.77 and a 200 day moving average of $27.76.

Befesa Company Profile

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Befesa SA offers environmental recycling services to the steel and aluminum industries in European, Asian, and North American markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; sells waelz oxide to zinc smelters; and treats crude steel dust.

Further Reading

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