Shanghai Electric Group (OTCMKTS:SIELY) Shares Down 5.5% – Here’s What Happened

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELYGet Free Report)’s stock price was down 5.5% during trading on Friday . The company traded as low as $10.15 and last traded at $10.15. Approximately 174 shares changed hands during trading, a decline of 90% from the average daily volume of 1,688 shares. The stock had previously closed at $10.7375.

Shanghai Electric Group Stock Performance

The business’s fifty day moving average price is $11.06 and its 200 day moving average price is $8.73.

About Shanghai Electric Group

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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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