Shanghai Electric Group (OTCMKTS:SIELY) Trading 6.6% Higher – Still a Buy?

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY – Get Free Report)’s share price traded up 6.6% during trading on Tuesday . The company traded as high as $10.50 and last traded at $10.50. 105 shares changed hands during trading, a decline of 94% from the average session volume of 1,643 shares. The stock had previously closed at $9.85.

Shanghai Electric Group Price Performance

The firm has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $9.17.

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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