Deutsche Wohnen (OTCMKTS:DTCWY) Shares Down 1.7% – Here’s Why

Deutsche Wohnen SE (OTCMKTS:DTCWYGet Free Report)’s share price was down 1.7% on Friday . The company traded as low as $11.90 and last traded at $11.90. Approximately 100 shares changed hands during trading, a decline of 78% from the average daily volume of 450 shares. The stock had previously closed at $12.10.

Deutsche Wohnen Trading Down 1.7%

The business has a fifty day moving average of $12.27 and a 200-day moving average of $14.13.

About Deutsche Wohnen

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Deutsche Wohnen SE is a Germany‐based real estate company primarily engaged in the acquisition, development and management of residential and commercial properties. Headquartered in Berlin, the company holds a diversified portfolio of multi‐family apartments and office spaces, with a strategic focus on long‐term rental income. Deutsche Wohnen’s shares are traded on German exchanges and its American Depositary Shares (ADS) are available over the counter under the ticker DTCWY.

The company’s property portfolio spans major German urban centers including Berlin, Hamburg, Frankfurt, Leipzig and Dresden.

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