Arjo AB (publ) (OTCMKTS:ARRJF) Trading Down 11.6% – Here’s Why

Arjo AB (publ) (OTCMKTS:ARRJF)’s stock price dropped 11.6% during mid-day trading on Wednesday . The stock traded as low as $3.07 and last traded at $3.07. Approximately 6,000 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 4,700 shares. The stock had previously closed at $3.47.

Arjo AB (publ) Stock Performance

The business’s 50 day moving average price is $4.13 and its 200-day moving average price is $4.43.

Arjo AB (publ) Company Profile

Arjo AB (publ) develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia and Pacific, South America, Africa, and internationally. It offers products and solutions for patient handling, hygiene, disinfection, medical beds, pressure injury prevention, diagnostics, prevention of deep vein thrombosis and treatment of edema, leg ulcer treatment and prevention, and for obstetric and cardiac diagnostics.