Yokogawa Electric Co. (OTCMKTS:YOKEY)’s share price dropped 2.9% during mid-day trading on Wednesday . The company traded as low as $36.87 and last traded at $36.87. Approximately 614 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 451 shares. The stock had previously closed at $37.98.
Separately, Citigroup downgraded shares of Yokogawa Electric from a “buy” rating to a “neutral” rating in a report on Friday, February 26th.
The business’s fifty day moving average price is $38.36 and its 200-day moving average price is $37.68.
Yokogawa Electric Corporation provides industrial automation and test and measurement solutions in Japan, Southeast Asia, Far East, China, India, Europe, Russia, North America, the Middle East, Africa, and Middle and South America. It operates through three segments: Industrial Automation and Control Business, Test and Measurement Business, and Aviation and Other Businesses.
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