dormakaba (OTCMKTS:DRRKF) Trading Down 91.9% – Here’s What Happened

dormakaba Holding AG (OTCMKTS:DRRKF) dropped 91.9% during trading on Monday . The stock traded as low as $79.2980 and last traded at $79.2980. Approximately 1,300 shares changed hands during mid-day trading, an increase of 1,200% from the average daily volume of 100 shares. The stock had previously closed at $982.25.

dormakaba Trading Down 91.9%

The firm’s 50-day moving average is $158.01 and its two-hundred day moving average is $610.16.

dormakaba Company Profile

dormakaba Holding AG is a global provider of access control and security solutions, offering a broad portfolio of products and services that span door hardware, automatic entrances, electronic access control, key systems and safe locks. Headquartered in Rümlang, Switzerland, the company was formed in 2015 through the merger of two long-established industry leaders—Kaba, founded in Switzerland in 1862, and Dorma, founded in Germany in 1908. dormakaba’s solutions support secure and efficient access to buildings and rooms in commercial, residential, hospitality, healthcare, education and transportation environments.

The company’s core business activities include the design, manufacture, installation and servicing of mechanical and electronic locking systems, access control readers, door closers, automatic sliding or revolving doors and digital access platforms.