Close Brothers Group (OTCMKTS:CBGPY) Shares Up 14.2% – Time to Buy?

Shares of Close Brothers Group plc (OTCMKTS:CBGPYGet Free Report) rose 14.2% on Friday . The stock traded as high as $8.95 and last traded at $8.95. Approximately 281 shares were traded during trading, a decline of 82% from the average daily volume of 1,577 shares. The stock had previously closed at $7.84.

Close Brothers Group Stock Performance

The business has a 50-day moving average price of $6.21 and a 200-day moving average price of $8.90.

About Close Brothers Group

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Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.

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