Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY – Get Free Report)’s stock price rose 10% during mid-day trading on Thursday . The company traded as high as $11.50 and last traded at $11.50. Approximately 1,000 shares traded hands during trading, a decline of 13% from the average daily volume of 1,150 shares. The stock had previously closed at $10.45.
Shanghai Electric Group Stock Performance
The firm has a fifty day moving average price of $10.52 and a two-hundred day moving average price of $9.56.
About Shanghai Electric Group
Shanghai Electric Group Co, Ltd. is a leading Chinese state‐owned enterprise specializing in the design, research and development, manufacture and sale of power generation and industrial equipment. Founded in 2004 through the consolidation of several historic Shanghai‐based manufacturing entities, the company has roots dating back to early electrical apparatus production in the mid‐20th century. Shanghai Electric operates as a vertically integrated supplier, providing key components and turnkey solutions for power plants, industrial facilities and infrastructure projects.
The company’s principal product lines include steam and gas turbines, boilers, generators and auxiliary equipment for thermal and nuclear power stations.
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