Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY – Get Free Report) shot up 10% on Thursday . The company traded as high as $11.50 and last traded at $11.50. 1,000 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 1,150 shares. The stock had previously closed at $10.45.
Shanghai Electric Group Stock Performance
The business has a 50-day moving average price of $10.55 and a 200-day moving average price of $9.52.
Shanghai Electric Group Company Profile
Shanghai Electric Group Co, Ltd. is a leading Chinese state‐owned enterprise specializing in the design, research and development, manufacture and sale of power generation and industrial equipment. Founded in 2004 through the consolidation of several historic Shanghai‐based manufacturing entities, the company has roots dating back to early electrical apparatus production in the mid‐20th century. Shanghai Electric operates as a vertically integrated supplier, providing key components and turnkey solutions for power plants, industrial facilities and infrastructure projects.
The company’s principal product lines include steam and gas turbines, boilers, generators and auxiliary equipment for thermal and nuclear power stations.
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