Hexagon Composites ASA (OTCMKTS:HXGCF) Trading Down 11% – Here’s Why

Hexagon Composites ASA (OTCMKTS:HXGCFGet Free Report) shares dropped 11% during mid-day trading on Friday . The stock traded as low as $3.68 and last traded at $3.68. Approximately 200 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 10,723 shares. The stock had previously closed at $4.14.

Hexagon Composites ASA Trading Down 11.0 %

The firm has a 50-day moving average of $3.89 and a two-hundred day moving average of $3.33.

Hexagon Composites ASA Company Profile

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Hexagon Composites ASA, together with its subsidiaries, engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide. The company operates through Hexagon Agility, Hexagon Ragasco, and Hexagon Digital Wave segments. The Hexagon Agility segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation; and gas distribution solutions.

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