Grupo Traxión (OTCMKTS:GRPOF) Stock Price Down 12.6% – Here’s What Happened

Grupo Traxión, S.A.B. de C.V. (OTCMKTS:GRPOF) shares dropped 12.6% during mid-day trading on Friday . The stock traded as low as $0.74 and last traded at $0.74. Approximately 18,000 shares changed hands during trading, an increase of 80% from the average daily volume of 9,980 shares. The stock had previously closed at $0.85.

Grupo Traxión Stock Performance

The business’s fifty day moving average price is $0.90 and its 200-day moving average price is $0.97.

Grupo Traxión Company Profile

Grupo Traxión, SAB. de C.V. operates as a mobility and logistics company in Mexico. It operates through Cargo, Logistics Solution, and Personnel and Student Transportation segments. The company offers dry and refrigerated boxes, hoppers, platforms, mid-range units, intermodal and multimodal, imports and exports, domestic distribution, cross-borders, ports, cross docks, and door-to-door freight services; logistics integration services, such as land management, control tower, networks consultancy, eCommerce, domestic trips, imports and exports, consolidated, specialized, storage, cold chain, in-house, cargo, door-to-door, land, air, and maritime services; and warehousing services, including dedicated warehousing, shared warehouses, platform crossings, inventory management, product unloading and loading, finishing and raw materials, exports shipping, inverse logistics, automated and aleatory systems, and collection by radiofrequency and/or voice, as well as copacking and production for exports, such as labeling, product assembling, promotional materials, thermal-forming, and sealing.