Shanghai Electric Group (OTCMKTS:SIELY) Sets New 52-Week High – Time to Buy?

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELYGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $6.50 and last traded at $6.49, with a volume of 1876 shares traded. The stock had previously closed at $4.40.

Shanghai Electric Group Stock Up 47.5 %

The firm’s 50-day moving average is $3.98 and its 200 day moving average is $3.99.

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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