Shanghai Electric Group (OTCMKTS:SIELY) Shares Gap Down – Here’s Why

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $10.15, but opened at $9.85. Shanghai Electric Group shares last traded at $9.85, with a volume of 404 shares trading hands.

Shanghai Electric Group Price Performance

The business has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $8.84.

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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