Schaeffler AG (FRA:SHA – Get Free Report)’s stock price shot up 1.4% on Friday . The stock traded as high as €5.44 ($5.91) and last traded at €5.43 ($5.90). 305,230 shares changed hands during mid-day trading, The stock had previously closed at €5.35 ($5.82).
Schaeffler Stock Performance
The business’s 50-day moving average is €5.69 and its two-hundred day moving average is €5.97.
About Schaeffler
Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives.
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