Shares of Shanghai Industrial Holdings Ltd. (OTCMKTS:SGHIY – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.83 and traded as low as $17.83. Shanghai Industrial shares last traded at $17.83, with a volume of 0 shares changing hands.
Shanghai Industrial Stock Performance
The stock’s fifty day moving average price is $17.83 and its 200 day moving average price is $18.85.
Shanghai Industrial Company Profile
Shanghai Industrial (OTCMKTS: SGHIY) is a Hong Kong-incorporated investment holding company and state-owned enterprise under the Shanghai Municipal Government. Established in the early 1990s, the company pursues a diversified set of business activities across property development, infrastructure investment and branded consumer products. Shanghai Industrial’s broad portfolio is centered on projects within China’s major urban centers, with a particular focus on Shanghai and its surrounding regions.
In its property segment, Shanghai Industrial engages in the development, sale and management of residential, commercial and mixed-use properties.
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