UBE (OTCMKTS:UBEOF) Trading Down 12.5% – Here’s Why

Shares of UBE Co. (OTCMKTS:UBEOF) dropped 12.5% on Thursday . The stock traded as low as $15.29 and last traded at $15.29. Approximately 100 shares were traded during trading, a decline of 82% from the average daily volume of 550 shares. The stock had previously closed at $17.46.

UBE Trading Down 12.5%

The company’s fifty day moving average price is $15.54 and its two-hundred day moving average price is $16.02.

About UBE

UBE Corporation, together with its subsidiaries, engages in the chemicals, construction materials, and machinery businesses in Japan, North America, Europe, Africa, the Middle East, Thailand, India, Latin America, and internationally. It offers synthetic rubber, engineering plastics, caprolactam, industrial chemicals, liquefied gas, polyethylene, ammonium sulfate, polyimide, battery materials, separation membranes, fine chemicals, ceramics, high purity chemicals, semiconductor gas products, and products for polyurethane resins.