APA Group (OTCMKTS:APAJF) Trading Down 5.3% – Time to Sell?

Shares of APA Group (OTCMKTS:APAJF) were down 5.3% during mid-day trading on Tuesday . The company traded as low as $5.46 and last traded at $5.46. Approximately 2,355 shares traded hands during trading, an increase of 146% from the average daily volume of 959 shares. The stock had previously closed at $5.7650.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group set a $9.00 price target on APA Group and gave the company a “neutral” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, APA Group has an average rating of “Hold” and an average target price of $9.00.

APA Group Trading Down 5.3%

The firm’s 50-day simple moving average is $5.94 and its two-hundred day simple moving average is $5.65.

About APA Group

APA Group is one of Australia’s leading energy infrastructure companies, primarily engaged in the ownership, operation and development of natural gas transmission pipelines and related assets. The company’s network extends over 15,000 kilometres, connecting major gas basins to industrial, commercial and residential users across eastern and western Australia, the Northern Territory and into New Zealand. Beyond gas transportation, APA Group also provides gas storage services and operates a growing portfolio of electricity transmission assets and telecommunications infrastructure co-located with its pipeline corridors.

Founded in 2000 as the APA Gas Pipeline Trust and rebranded as APA Group in 2004, the company has expanded through strategic acquisitions and greenfield developments.