Verbund (OTCMKTS:OEZVY) Shares Cross Below 50 Day Moving Average – Here’s Why

Verbund Ag (OTCMKTS:OEZVY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.93 and traded as low as $13.86. Verbund shares last traded at $13.86, with a volume of 1,101 shares.

Verbund Stock Down 2.9 %

The stock has a 50 day simple moving average of $15.93 and a 200-day simple moving average of $16.67.

Verbund Company Profile

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 798 MW; solar power with a capacity of 253 MW; and two thermal power plants.