Shanghai Electric Group (OTCMKTS:SIELY) Hits New 1-Year High – Time to Buy?

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELYGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.50 and last traded at $8.50, with a volume of 284 shares trading hands. The stock had previously closed at $5.65.

Shanghai Electric Group Stock Performance

The stock’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.11.

About Shanghai Electric Group

(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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