Taisei (OTCMKTS:TISCF) Stock Falls 38.9% – Here’s Why

Shares of Taisei Co. (OTCMKTS:TISCF – Get Free Report) were down 38.9% during mid-day trading on Monday. The stock traded as low as $78.25 and last traded at $78.25. Approximately 240 shares traded hands during trading, a decline of 35% from the average daily volume of 367 shares. The stock had previously closed at $128.05.

Taisei Stock Performance

The company has a 50 day moving average of $120.73 and a 200-day moving average of $121.29.

About Taisei

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Taisei Corporation is a Japan-based construction and engineering company that provides general contracting services for building, civil engineering and infrastructure projects. Its work includes offices, commercial and residential buildings, transportation facilities, tunnels, bridges, dams and other public infrastructure.

The company also operates in real estate development and related businesses, including the planning, development and management of property projects. Taisei provides design, construction management, engineering and technical services across the project lifecycle, serving government agencies, businesses and other institutional customers.

Taisei traces its origins to 1873 and is headquartered in Tokyo, Japan.

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