Brilliance China Automotive (OTCMKTS:BCAUF) Trading Down 8.7% – Here’s What Happened

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF)’s share price was down 8.7% on Tuesday . The stock traded as low as $0.2546 and last traded at $0.2546. 5,000 shares traded hands during trading, an increase of 15% from the average daily volume of 4,332 shares. The stock had previously closed at $0.2788.

Brilliance China Automotive Stock Down 8.7%

The stock’s fifty day moving average price is $0.32 and its 200-day moving average price is $0.43.

Brilliance China Automotive Holdings Ltd. is a leading Chinese automotive manufacturer headquartered in Shenyang, Liaoning Province. Established in 1992, the company is engaged in the design, development, production and sale of passenger vehicles and commercial vehicles. Through strategic alliances and proprietary research, Brilliance China Automotive offers a diverse portfolio of sedans, multi-purpose vehicles (MPVs), light trucks and buses, catering to a wide range of customers in both private and commercial sectors.

A cornerstone of Brilliance China Automotive’s operations is its joint venture with BMW, formed in 2003.