DEUTZ Aktiengesellschaft (OTCMKTS:DEUZF) Shares Down 8% – Here’s Why

DEUTZ Aktiengesellschaft (OTCMKTS:DEUZF)’s share price fell 8% during trading on Thursday. The company traded as low as $12.10 and last traded at $12.10. Approximately 500 shares changed hands during trading, a decline of 45% from the average daily volume of 902 shares. The stock had previously closed at $13.15.

DEUTZ Aktiengesellschaft Price Performance

The firm’s 50-day simple moving average is $12.75 and its 200 day simple moving average is $11.86.

DEUTZ Aktiengesellschaft Company Profile

DEUTZ Aktiengesellschaft is a Germany-based manufacturer of power systems and engines for off-highway applications. The company develops and produces diesel, gas, hydrogen and other alternative-drive engines used in construction equipment, agricultural machinery, material-handling equipment, stationary power systems, commercial vehicles and other industrial applications.

Founded in Cologne in 1864 as N.A. Otto & Cie., DEUTZ traces its origins to the work of Nicolaus Otto and Eugen Langen and the development of the four-stroke internal-combustion engine.