Shawcor (OTCMKTS:SAWLF) Stock Price Down 2% – Here’s Why

Shares of Shawcor Ltd. (OTCMKTS:SAWLFGet Free Report) fell 2% during trading on Tuesday . The stock traded as low as $9.24 and last traded at $9.24. 15,078 shares traded hands during trading, a decline of 75% from the average session volume of 59,944 shares. The stock had previously closed at $9.43.

Shawcor Stock Down 4.8 %

The business’s 50 day simple moving average is $9.53 and its 200 day simple moving average is $10.86.

Shawcor Company Profile

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Shawcor Ltd., doing business as Mattr Infratech, operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Technologies, Connection Technologies, and Pipeline and Pipe Services. The Composite Technologies segment manufactures flexible composite that are used for oil and gas gathering, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets.

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