Fletcher Building (OTCMKTS:FRCEF) Trading Up 12.1% – Here’s Why

Fletcher Building Limited (OTCMKTS:FRCEF)’s stock price rose 12.1% during mid-day trading on Thursday . The stock traded as high as $2.13 and last traded at $2.13. Approximately 4,000 shares were traded during mid-day trading, an increase of 287% from the average daily volume of 1,033 shares. The stock had previously closed at $1.90.

Fletcher Building Stock Performance

The firm’s 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.72.

About Fletcher Building

Fletcher Building Limited (OTCMKTS:FRCEF) is a leading integrated building materials and construction company headquartered in Auckland, New Zealand. The company operates through a diversified portfolio that spans manufacturing, distribution, construction and infrastructure services, serving residential, commercial and industrial markets across Australasia and the Pacific Islands.

In its building products division, Fletcher Building produces gypsum plasterboard, fibre cement, roofing, insulation and aluminium joinery under well-known brands such as Laminex and Firth.