Multi Ways (NYSE:MWG) Shares Down 1.4% – Here’s Why

Multi Ways Holdings Limited (NYSE:MWG) shares were down 1.4% during trading on Friday . The stock traded as low as $1.32 and last traded at $1.36. Approximately 10,897 shares traded hands during trading, a decline of 86% from the average daily volume of 78,054 shares. The stock had previously closed at $1.38.

Multi Ways Stock Down 1.4%

The company has a fifty day simple moving average of $1.90 and a 200-day simple moving average of $2.33.

Multi Ways Company Profile

Multi Ways Holdings Limited supplies a range of heavy construction equipment for sales and rental in Singapore, Australia, and internationally. The company engages in the supplying and rental of new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries. It offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment, such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines.