Técnicas Reunidas (OTCMKTS:TNISY) Stock Price Down 16.1% – Here’s Why

Técnicas Reunidas, S.A. (OTCMKTS:TNISY – Get Free Report) traded down 16.1% on Monday. The company traded as low as C$6.08 and last traded at C$6.08. Approximately 364 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 930 shares. The stock had previously closed at C$7.25.

Técnicas Reunidas Price Performance

The business has a 50-day simple moving average of C$6.57 and a 200 day simple moving average of C$7.13.

About Técnicas Reunidas

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Técnicas Reunidas, SA is a Spanish engineering and construction company that provides design, engineering, procurement and construction services for complex industrial projects. Founded in 1959 and headquartered in Madrid, the company has traditionally focused on the energy sector and serves clients in international markets.

The company’s activities include the development of oil and gas facilities, refineries, petrochemical and chemical plants, power-generation projects, and other industrial infrastructure.

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