Multi Ways (NYSE:MWG) Stock Price Up 14.3% – Still a Buy?

Multi Ways Holdings Limited (NYSE:MWG) was up 14.3% on Wednesday . The company traded as high as $1.96 and last traded at $1.84. Approximately 61,758 shares traded hands during mid-day trading, an increase of 122% from the average daily volume of 27,761 shares. The stock had previously closed at $1.61.

Multi Ways Trading Up 14.3%

The business has a 50-day simple moving average of $2.13 and a 200-day simple moving average of $2.55.

Multi Ways Company Profile

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.