Multi Ways (NYSE:MWG) Stock Price Up 4.1% – Should You Buy?

Shares of Multi Ways Holdings Limited (NYSE:MWG – Get Free Report) traded up 4.1% on Friday. The company traded as high as $1.38 and last traded at $1.3850. Approximately 1,371 shares were traded during trading, a decline of 97% from the average daily volume of 49,868 shares. The stock had previously closed at $1.33.

Multi Ways Stock Up 4.1%

The company’s fifty day moving average is $1.36 and its two-hundred day moving average is $1.61.

About Multi Ways

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Multi Ways Holdings Limited is a Singapore-based provider of heavy construction equipment and related services. The company sells new and used machinery, offers equipment rentals, and provides spare parts and after-sales support to construction and infrastructure customers.

Its equipment portfolio includes excavators, wheel loaders, bulldozers, dump trucks, cranes and other machinery used in construction, civil engineering, mining and related industries. Multi Ways serves customers primarily in Singapore and Australia, with equipment supplied to additional international markets.

Founded in 2001, the company operates through subsidiaries that support its equipment sales, rental and servicing activities.

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