OVH Groupe S.A. (OTC:OVHFF – Get Free Report) shares dropped 15% on Monday . The stock traded as low as $7.65 and last traded at $7.65. Approximately 300 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 700 shares. The stock had previously closed at $9.00.
OVH Groupe Price Performance
The firm’s 50 day moving average price is $8.82 and its 200-day moving average price is $7.83.
About OVH Groupe
OVH Groupe SA provides public and private cloud, shared hosting, and dedicated server products and solutions worldwide. The company operates through three segments: Private Cloud, Public Cloud, and Web Cloud & Other. It offers Bare Metal Cloud that provides dedicated servers; Hosted Private Cloud, which offers servers fully managed by OVHcloud, such as operating system and the virtualisation layer; Public Cloud that provides cloud computing services on shared servers; and web cloud services.
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