Solar Energy Initiatives (OTCMKTS:SMTGF) was down 2.8% during mid-day trading on Friday . The company traded as low as $30.75 and last traded at $30.75, approximately 555 shares changed hands during trading. An increase of 36% from the average daily volume of 408 shares. The stock had previously closed at $31.64.
Separately, Jefferies Financial Group initiated coverage on shares of Solar Energy Initiatives in a research note on Wednesday, May 27th. They set a “hold” rating on the stock.
The company has a 50-day moving average of $30.91.
SMA Solar Technology AG, together with its subsidiaries, develops, produces, and distributes photovoltaic (PV) inverters, transformers, choke coils, and monitoring and energy management systems for PV systems worldwide. It operates through Residential, Commercial, Utility, Storage, and Digital Energy segments.
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