Shares of Mapletree Industrial Trust (OTCMKTS:MAPIF – Get Free Report) traded down 15% during mid-day trading on Friday. The company traded as low as $1.28 and last traded at $1.28. 4,400 shares were traded during trading, an increase of 136% from the average daily volume of 1,867 shares. The stock had previously closed at $1.5050.
Mapletree Industrial Trust Price Performance
The firm has a fifty day simple moving average of $1.50 and a 200 day simple moving average of $1.53.
About Mapletree Industrial Trust
Mapletree Industrial Trust (OTCMKTS:MAPIF) is a Singapore-based real estate investment trust that owns and manages a diversified portfolio of industrial and business-use properties. Its assets support companies in sectors such as technology, manufacturing, research and development, logistics, and data infrastructure.
The trust’s portfolio includes business park buildings, hi-tech buildings, flatted factories, light industrial properties, and data centers. Mapletree Industrial Trust has expanded beyond Singapore and serves tenants through properties in Singapore and the United States, including data center assets in key technology markets.
Established in 2010, Mapletree Industrial Trust is managed by Mapletree Industrial Trust Management Ltd.
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