Arçelik Anonim Sirketi (OTCMKTS:ACKAY) Trading Down 6% – Here’s What Happened

Shares of Arçelik Anonim Sirketi (OTCMKTS:ACKAY) fell 6% during trading on Monday . The company traded as low as $12.69 and last traded at $12.69. 166 shares traded hands during trading, a decline of 87% from the average session volume of 1,273 shares. The stock had previously closed at $13.50.

Arçelik Anonim Sirketi Stock Performance

The stock has a 50-day simple moving average of $13.97 and a 200-day simple moving average of $13.79.

Arçelik Anonim Sirketi Company Profile

Arçelik Anonim Şirketi is a Turkish multinational consumer durables and electronics company engaged in the design, manufacture and marketing of household appliances. As part of Koç Holding, one of Turkey’s largest industrial groups, Arçelik offers a broad portfolio of white goods including refrigerators, washing machines, dishwashers, ovens and cooking appliances, as well as small domestic appliances such as vacuum cleaners and air conditioners. The company markets its products under a variety of brands, notably Arçelik, Beko and Grundig, targeting both domestic and international markets.

With its headquarters in Istanbul, Arçelik maintains production facilities in Turkey and in key overseas locations across Europe, Asia, Africa and the Middle East.