Azelis Group (OTCMKTS:AZLGF) Trading Down 5.4% – Time to Sell?

Azelis Group NV (OTCMKTS:AZLGF) was down 5.4% during mid-day trading on Monday . The company traded as low as C$11.53 and last traded at C$11.62. Approximately 2,793 shares changed hands during trading, a decline of 62% from the average daily volume of 7,362 shares. The stock had previously closed at C$12.29.

Azelis Group Trading Down 5.4%

The stock’s fifty day moving average price is C$11.34 and its 200-day moving average price is C$10.60.

About Azelis Group

Azelis Group is a global specialty chemicals distributor offering a broad portfolio of formulation ingredients and services to the Life Sciences and Industrial Chemicals sectors. The company sources, markets and distributes a wide range of raw materials, additives and functional ingredients that are used in personal care, home care, agrochemicals, food and nutrition, coatings, adhesives and sealants, polymers and other industrial applications. Azelis provides technical expertise and formulation support to help customers develop and optimize new products, drawing on its network of application laboratories and industry specialists.

Founded in Belgium in 2001 and headquartered in Antwerp, Azelis has grown through organic expansion and strategic acquisitions to establish a presence in more than 50 countries across EMEA, North America, Latin America and Asia Pacific.