Hexagon Composites ASA (OTCMKTS:HXGCF) Shares Down 17.2% – Time to Sell?

Hexagon Composites ASA (OTCMKTS:HXGCF) dropped 17.2% during trading on Wednesday . The company traded as low as $1.35 and last traded at $1.35. Approximately 6,400 shares traded hands during trading, an increase of 31% from the average daily volume of 4,903 shares. The stock had previously closed at $1.63.

Hexagon Composites ASA Stock Down 17.2%

The company’s 50 day simple moving average is $1.69 and its 200 day simple moving average is $1.78.

Hexagon Composites ASA Company Profile

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.