Eregli Demir ve Çelik Fabrikalari T.A.S. (OTC:ERELY) Shares Down 11.3% – Here’s What Happened

Eregli Demir ve Çelik Fabrikalari T.A.S. (OTC:ERELYGet Free Report)’s share price traded down 11.3% during mid-day trading on Tuesday . The company traded as low as $6.99 and last traded at $7.10. 600 shares were traded during trading, an increase of 88% from the average session volume of 320 shares. The stock had previously closed at $8.00.

Eregli Demir ve Çelik Fabrikalari T.A.S. Trading Down 12.0 %

The stock’s 50-day simple moving average is $7.66 and its 200-day simple moving average is $7.77.

About Eregli Demir ve Çelik Fabrikalari T.A.S.

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Eregli Demir ve Çelik Fabrikalari T.A.S., together with its subsidiaries, produces and sells iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke, and by-products in Turkey and internationally. Its flat products include hot rolled flat steel products, cold-rolled flat steel products, and galvanized/galvanealed flat steel products; and tin/chrome coated flat steel products used in metal packaging industry.

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