Shares of Creative Technology Ltd. (OTCMKTS:CREAF – Get Free Report) dropped 15.1% during mid-day trading on Monday. The company traded as low as $0.49 and last traded at $0.49. 3,000 shares were traded during mid-day trading, an increase of 28,471% from the average daily volume of 10 shares. The stock had previously closed at $0.5774.
Creative Technology Price Performance
The firm has a 50 day moving average price of $0.60 and a 200-day moving average price of $0.64.
About Creative Technology
Creative Technology Ltd. is a Singapore-based company that develops and markets audio and multimedia products. The company is best known for its Sound Blaster brand, which includes sound cards, external audio interfaces, gaming headsets, speakers, headphones, microphones and related audio accessories.
Creative also provides audio software and technologies designed to enhance listening, gaming, communications and home entertainment experiences. Its products are sold through retail and online channels in markets around the world, serving consumers, gamers, content creators and other users of personal computing and digital media devices.
Founded in Singapore in 1981 by Sim Wong Hoo, Creative helped popularize dedicated audio hardware for personal computers through its Sound Blaster product line.
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