Shanghai Electric Group (OTCMKTS:SIELY) Trading 34.9% Higher – Here’s Why

Shares of Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELYGet Free Report) were up 34.9% during mid-day trading on Monday . The stock traded as high as $4.99 and last traded at $4.99. Approximately 422 shares traded hands during trading, a decline of 48% from the average daily volume of 819 shares. The stock had previously closed at $3.70.

Shanghai Electric Group Stock Down 8.2 %

The firm has a fifty day simple moving average of $3.78 and a 200 day simple moving average of $3.92.

Shanghai Electric Group Company Profile

(Get Free Report)

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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