Danieli & C. Officine Meccaniche (OTCMKTS:DNIYY) Shares Down 1.2% – Here’s Why

Danieli & C. Officine Meccaniche S.p.A. (OTCMKTS:DNIYYGet Free Report)’s stock price dropped 1.2% during mid-day trading on Friday . The company traded as low as $28.78 and last traded at $28.78. Approximately 35 shares were traded during trading, a decline of 98% from the average daily volume of 2,233 shares. The stock had previously closed at $29.13.

Danieli & C. Officine Meccaniche Price Performance

The firm’s fifty day moving average is $29.10 and its 200-day moving average is $29.11.

About Danieli & C. Officine Meccaniche

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Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia. It operates through two segments, Plant Making and Steel Making. The company designs and builds plants for various process areas, including mines; pellet production plants; blast furnaces; direct reduction; scrap shredders; steelworks for production of liquid steel; and continuous casting for blooms and billets, slabs, and thin slabs.

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