Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY – Get Free Report)’s share price rose 13.6% on Friday . The stock traded as high as $11.9250 and last traded at $11.9250. Approximately 305 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 625 shares. The stock had previously closed at $10.50.
Shanghai Electric Group Trading Up 13.6%
The company’s 50-day moving average price is $10.96 and its 200-day moving average price is $10.55.
Shanghai Electric Group Company Profile
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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