Multi Ways Holdings Limited (NYSE:MWG – Get Free Report)’s share price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $1.37 and traded as low as $1.25. Multi Ways shares last traded at $1.36, with a volume of 29,857 shares trading hands.
Multi Ways Trading Down 10.3%
The firm’s 50-day simple moving average is $1.38 and its 200 day simple moving average is $1.58.
About Multi Ways
Multi Ways Holdings Limited is a Singapore-based provider of heavy construction equipment and related services. The company sells new and used machinery, offers equipment rentals, and provides spare parts and after-sales support to construction and infrastructure customers. Its equipment portfolio includes excavators, wheel loaders, bulldozers, dump trucks, cranes and other machinery used in construction, civil engineering, mining and related industries. Multi Ways serves customers primarily in Singapore and Australia, with equipment supplied to additional international markets.
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