Forbo Holding AG (OTCMKTS:FBOHY – Get Free Report) shares dropped 46% during trading on Tuesday . The company traded as low as $20.98 and last traded at $20.98. Approximately 500 shares traded hands during trading, a decline of 81% from the average daily volume of 2,575 shares. The stock had previously closed at $38.86.
Forbo Stock Performance
The stock has a 50-day simple moving average of $20.28 and a 200 day simple moving average of $25.72.
About Forbo
Forbo Holding AG produces and sells floor coverings, building and construction adhesives, and power transmission and conveyor belt solutions in Europe, the Americas, Asia Pacific, and Africa. The company operates through two divisions, Flooring Systems and Movement Systems. The Flooring Systems division develops, produces, and sells linoleum, vinyl floorings, entrance flooring systems, carpet tiles, needle felt floor coverings, Flotex, the washable textile floorings, and building and construction adhesives, as well as various accessory products for laying, processing, cleaning, and care of flooring.
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