Multi Ways (NYSE:MWG) Stock Price Down 1.9% – Here’s Why

Multi Ways Holdings Limited (NYSE:MWG) was down 1.9% during trading on Tuesday . The company traded as low as $0.2156 and last traded at $0.2272. Approximately 204,287 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 417,893 shares. The stock had previously closed at $0.2315.

Multi Ways Stock Performance

The stock’s 50 day simple moving average is $0.27 and its two-hundred day simple moving average is $0.27.

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.