Shares of Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY – Get Free Report) reached a new 52-week low during mid-day trading on Friday. The company traded as low as $5.8225 and last traded at $5.8225, with a volume of 104 shares trading hands. The stock had previously closed at $5.9680.
Shanghai Electric Group Price Performance
The company has a market cap of $4.61 billion, a price-to-earnings ratio of -59.30 and a beta of 0.05. The firm’s fifty day moving average price is $7.28 and its 200-day moving average price is $9.22.
Shanghai Electric Group Company Profile
Shanghai Electric Group is a Chinese industrial equipment manufacturer and engineering company headquartered in Shanghai. Its roots trace to manufacturing businesses established in the late 19th century, and the group took its current form in the early 2000s. The company develops and manufactures equipment for power generation and energy systems, including products for thermal, nuclear, wind and other power applications. Its businesses also include industrial machinery and equipment, such as machine tools, elevators and printing equipment, as well as environmental protection products and engineering services.
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