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Shanghai Electric Group (OTCMKTS:SIELY) Stock Price Passes Above 50 Day Moving Average - Here's What Happened

Shanghai Electric Group logo with Industrial Products background
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Shares of Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.90 and traded as high as $7.15. Shanghai Electric Group shares last traded at $7.15, with a volume of 691 shares trading hands.

Shanghai Electric Group Price Performance

The company has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $6.42.

Shanghai Electric Group Company Profile

(Get Free Report)

Shanghai Electric Group Co, Ltd. provides industrial grade green intelligent system solutions in Mainland China and internationally. The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services. The Energy Equipment segment designs, manufactures, and sells nuclear power, energy storage, wind power, coal-fired power generation and corollary, and gas-fired power generation equipment; and vessels for chemical industry, as well as provides power grid and industrial intelligent power supply system solutions.

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