Schaeffler (OTCMKTS:SFFLY) Stock Falls 6.6% – Here’s What Happened

Schaeffler AG (OTCMKTS:SFFLY – Get Free Report) traded down 6.6% during trading on Tuesday. The company traded as low as $6.2935 and last traded at $6.2935. 1,672 shares were traded during mid-day trading, a decline of 74% from the average session volume of 6,549 shares. The stock had previously closed at $6.74.

Schaeffler Trading Down 6.6%

The firm has a fifty day simple moving average of $7.56 and a 200 day simple moving average of $9.57.

About Schaeffler

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Schaeffler AG is a Germany-based global supplier of automotive and industrial components. The company develops and manufactures precision products and systems used to reduce friction, manage motion and improve the efficiency and reliability of machinery and vehicles.

Its automotive portfolio includes bearings, engine and transmission components, chassis systems, clutches, drivetrain technologies and solutions for hybrid and electric vehicles. Schaeffler also supplies products for industrial applications, including bearings, linear motion systems, condition-monitoring technologies and maintenance solutions.

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