Schaeffler (FRA:SHA) Stock Price Up 0.7% – Still a Buy?

Shares of Schaeffler AG (FRA:SHA) traded up 0.7% during trading on Thursday . The stock traded as high as €2.82 ($2.97) and last traded at €2.82 ($2.97). 33,757 shares traded hands during trading, The stock had previously closed at €2.80 ($2.95).

Schaeffler Trading Up 0.7 %

The stock’s fifty day moving average price is €3.25 and its 200 day moving average price is €4.61.

About Schaeffler

Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives.