Harvia Oyj (OTCMKTS:HRVFF) Shares Down 12.3% – Here’s Why

Harvia Oyj (OTCMKTS:HRVFF – Get Free Report) shares fell 12.3% on Thursday. The stock traded as low as C$42.74 and last traded at C$42.95. 610 shares were traded during trading, an increase of 105% from the average daily volume of 297 shares. The stock had previously closed at C$48.99.

Harvia Oyj Stock Performance

The stock has a 50 day simple moving average of C$49.67 and a two-hundred day simple moving average of C$45.91.

About Harvia Oyj

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Harvia Oyj is a Finland-based manufacturer of sauna and spa products. The company’s portfolio includes electric and wood-burning sauna heaters, sauna rooms and cabins, infrared products, steam generators, control systems, sauna accessories and related wellness equipment.

Founded in 1950 by Tapani Harvia, the company has developed from a Finnish sauna-heater manufacturer into an international provider of sauna and spa solutions. Harvia serves residential and commercial customers, including private sauna users, hotels, health clubs and other wellness facilities.

Headquartered in Muurame, Finland, Harvia sells its products through distributors, retailers and other sales channels in numerous countries across Europe, North America, Asia and other international markets.

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