Electrovaya (OTCMKTS:EFLVF) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Electrovaya Inc. (OTCMKTS:EFLVFGet Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.25 and traded as low as $4.52. Electrovaya shares last traded at $4.75, with a volume of 1,031,848 shares changing hands.

Electrovaya Stock Down 0.2%

The stock’s 50-day moving average price is $6.23 and its 200 day moving average price is $4.77.

Electrovaya Company Profile

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Electrovaya Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including warehouse forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as building systems for third parties.

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