Multi Ways (NYSE:MWG) Shares Down 3.5% – Here’s Why

Multi Ways Holdings Limited (NYSE:MWGGet Free Report)’s share price dropped 3.5% during mid-day trading on Friday . The company traded as low as $0.28 and last traded at $0.30. Approximately 51,904 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 432,047 shares. The stock had previously closed at $0.31.

Multi Ways Stock Down 3.5%

The business’s 50 day moving average price is $0.30 and its 200-day moving average price is $0.29.

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.

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