dormakaba Holding AG (OTCMKTS:DRRKF – Get Free Report) shares dropped 18.5% during trading on Wednesday . The company traded as low as $64.60 and last traded at $64.60. Approximately 900 shares were traded during trading, an increase of 800% from the average daily volume of 100 shares. The stock had previously closed at $79.2980.
dormakaba Stock Down 18.5%
The firm has a 50 day moving average of $70.40 and a 200-day moving average of $76.83.
About dormakaba
dormakaba Holding AG is a global provider of access control and security solutions, offering a broad portfolio of products and services that span door hardware, automatic entrances, electronic access control, key systems and safe locks. Headquartered in Rümlang, Switzerland, the company was formed in 2015 through the merger of two long-established industry leaders—Kaba, founded in Switzerland in 1862, and Dorma, founded in Germany in 1908. dormakaba’s solutions support secure and efficient access to buildings and rooms in commercial, residential, hospitality, healthcare, education and transportation environments.
The company’s core business activities include the design, manufacture, installation and servicing of mechanical and electronic locking systems, access control readers, door closers, automatic sliding or revolving doors and digital access platforms.
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