Orient Overseas (International) (OTCMKTS:OROVF) Shares Down 2.4% – Time to Sell?

Orient Overseas (International) Limited (OTCMKTS:OROVFGet Free Report)’s share price fell 2.4% during trading on Friday . The stock traded as low as $16.55 and last traded at $16.55. 200 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 700 shares. The stock had previously closed at $16.96.

Orient Overseas (International) Price Performance

The stock has a 50-day simple moving average of $17.66 and a 200-day simple moving average of $17.42.

About Orient Overseas (International)

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Orient Overseas (International) Limited, commonly known through its trading name OOIL, is a Bermuda-incorporated holding company headquartered in Hong Kong that oversees the Orient Overseas Container Line (OOCL) shipping business. Established in 1969 by shipping magnate C.Y. Tung, the company has grown into a leading provider of container transport and integrated logistics services. Its primary business activity is the operation of a modern fleet of container vessels, offering scheduled liner services across major global trade routes.

OOIL’s core services include container shipping, terminal operations and inland transportation, complemented by value-added logistics solutions such as warehousing, customs brokerage and supply-chain management.

Further Reading

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