Zumtobel Group AG (OTCMKTS:ZMTBY – Get Free Report) shares dropped 8.5% during mid-day trading on Thursday . The stock traded as low as €1.92 and last traded at €1.92. Approximately 1,200 shares changed hands during trading, an increase of 50% from the average daily volume of 800 shares. The stock had previously closed at €2.10.
Zumtobel Group Price Performance
The company has a 50 day simple moving average of €2.37 and a two-hundred day simple moving average of €2.42.
About Zumtobel Group
Zumtobel Group is an Austria-based lighting technology company founded in 1950 by Dr. Walter Zumtobel. Headquartered in Dornbirn, the group has grown into a leading supplier of professional lighting solutions for commercial, industrial and public spaces. Its core business encompasses the design, production and distribution of architectural luminaires, lighting management systems and components under the Zumtobel, Thorn and Tridonic brands.
The company’s product portfolio includes LED and conventional luminaires, intelligent control systems and modular components for interior and exterior applications.
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