Shares of Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $9.90, but opened at $10.60. Shanghai Electric Group shares last traded at $10.60, with a volume of 1,131 shares changing hands.
Shanghai Electric Group Stock Performance
The firm’s 50 day moving average is $10.55 and its 200 day moving average is $9.52.
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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