Shawcor (OTCMKTS:SAWLF) Shares Down 1.6% – Here’s Why

Shares of Shawcor Ltd. (OTCMKTS:SAWLFGet Free Report) were down 1.6% during mid-day trading on Thursday . The stock traded as low as $8.21 and last traded at $8.22. Approximately 14,989 shares traded hands during trading, a decline of 75% from the average daily volume of 59,944 shares. The stock had previously closed at $8.35.

Shawcor Trading Down 1.6 %

The company’s 50-day moving average price is $9.01 and its 200-day moving average price is $10.17.

Shawcor Company Profile

(Get Free Report)

Shawcor Ltd., doing business as Mattr Infratech, operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Technologies, Connection Technologies, and Pipeline and Pipe Services. The Composite Technologies segment manufactures flexible composite that are used for oil and gas gathering, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets.

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