ElringKlinger (OTCMKTS:ELLRY) Stock Price Down 2.4% – Here’s Why

ElringKlinger AG (OTCMKTS:ELLRY) dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as $2.40 and last traded at $2.40. Approximately 3,000 shares traded hands during trading, an increase of 71% from the average daily volume of 1,755 shares. The stock had previously closed at $2.46.

ElringKlinger Price Performance

The business’s 50 day simple moving average is $2.50 and its 200 day simple moving average is $2.55.

ElringKlinger Company Profile

ElringKlinger AG develops, manufactures, and sells systems and components for the automotive industry in Germany, the Asia-Pacific, North America, rest of Europe, and internationally. It operates through four segments: Original Equipment, Aftermarket, Engineered Plastics, and Other. The Original Equipment segment is involved in the development, manufacture, and sale of products and assemblies, such as metal sealing systems and drive train components; thermoplastics for drivetrains, body, and underbody applications; hybrid technologies; thermal, acoustic, and aerodynamic shielding systems; cylinder-head and specialty gaskets; battery and fuel cell components and systems; electric drive units; and exhaust gas purification.