CAR Group (OTCMKTS:CSXXY) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

CAR Group Limited (OTCMKTS:CSXXY)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $42.40 and traded as low as $37.8360. CAR Group shares last traded at $37.8360, with a volume of 435 shares traded.

CAR Group Stock Performance

The company has a 50-day moving average of $42.40 and a two-hundred day moving average of $46.96.

About CAR Group

CAR Group Limited engages in the operation of online automotive, motorcycle, and marine classifieds business in Australia, New Zealand, Brazil, South Korea, Malaysia, Indonesia, Thailand, Chile, China, the United States, and Mexico. The company operates through six segments: Australia Online Advertising Services; Australia Data, Research and Services; Investments; North America; Latin America; and Asia segments. The Australia Online Advertising Services segment offers classified advertising that allows private and dealer customers to advertise automotive and non-automotive goods and services for sale across the carsales network; products, including subscriptions, lead fees, listing fees, and priority placement services; and display advertising services, such as placing advertisements for corporate customers comprising automotive manufacturers and finance companies.