Multi Ways (NYSE:MWG) Shares Down 2.1% – Time to Sell?

Multi Ways Holdings Limited (NYSE:MWGGet Free Report)’s share price was down 2.1% during mid-day trading on Friday . The company traded as low as $1.16 and last traded at $1.1750. Approximately 6,922 shares traded hands during trading, a decline of 90% from the average daily volume of 68,906 shares. The stock had previously closed at $1.20.

Multi Ways Stock Performance

The business’s 50 day simple moving average is $1.70 and its 200-day simple moving average is $2.18.

About Multi Ways

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Multi Ways Holdings Limited supplies a range of heavy construction equipment for sales and rental in Singapore, Australia, and internationally. The company engages in the supplying and rental of new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries. It offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment, such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines.

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