Multi Ways (NYSE:MWG) Trading Down 4% – Here’s Why

Multi Ways Holdings Limited (NYSE:MWG)’s stock price traded down 4% during trading on Monday . The company traded as low as $1.34 and last traded at $1.3350. 4,819 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 66,884 shares. The stock had previously closed at $1.39.

Multi Ways Trading Down 4.0%

The business has a fifty day simple moving average of $1.34 and a two-hundred day simple moving average of $1.88.

About Multi Ways

Multi Ways Holdings Limited supplies a range of heavy construction equipment for sales and rental in Singapore, Australia, and internationally. The company engages in the supplying and rental of new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries. It offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment, such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines.