Skanska AB (publ) (OTCMKTS:SKSBF) Stock Price Down 3.6% – Here’s Why

Shares of Skanska AB (publ) (OTCMKTS:SKSBF) dropped 3.6% on Thursday. The stock traded as low as $26.52 and last traded at $26.52. 554 shares traded hands during trading, a decline of 87% from the average session volume of 4,268 shares. The stock had previously closed at $27.50.

Skanska AB (publ) Stock Performance

The firm has a 50-day moving average of $27.89 and a 200-day moving average of $26.79.

About Skanska AB (publ)

Skanska AB (publ) is a Sweden-based construction and development company founded in 1887. The company provides construction and project development services for public and private-sector customers, with activities spanning buildings, transportation infrastructure and other major civil engineering projects.

Skanska’s construction operations deliver offices, hospitals, schools, homes, roads, bridges, rail projects, airports and energy-related infrastructure. Its development businesses focus on commercial properties, residential communities and infrastructure projects, including the planning, financing, construction and management of large-scale assets.

The company serves customers primarily in the Nordic countries, other selected European markets and the United States.