Scatec ASA (OTCMKTS:STECF) Trading Down 12% – Here’s Why

Scatec ASA (OTCMKTS:STECFGet Free Report) shares fell 12% on Friday . The company traded as low as $6.99 and last traded at $6.99. 350 shares traded hands during trading, a decline of 45% from the average session volume of 633 shares. The stock had previously closed at $7.95.

Scatec ASA Price Performance

The business has a fifty day moving average of $5.90 and a 200-day moving average of $5.89.

About Scatec ASA

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Scatec ASA, together with its subsidiaries, provides renewable energy solutions worldwide. The company operates through Power Production; Services; and Development & Construction segments. It produces and sells solar, winds, and hydro generated electricity. The company also develops, builds, owns, and operates solar, wind, and hydro power plants and storage solutions.

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