Nexans (OTCMKTS:NXPRF) Shares Down 2.8% – Here’s Why

Nexans S.A. (OTCMKTS:NXPRFGet Free Report) shares dropped 2.8% during mid-day trading on Monday . The stock traded as low as $138.00 and last traded at $138.00. Approximately 1,187 shares were traded during trading, an increase of 143% from the average daily volume of 489 shares. The stock had previously closed at $142.00.

Nexans Stock Performance

The stock’s 50-day moving average is $147.70 and its 200-day moving average is $135.79.

About Nexans

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Nexans SA manufactures and sells cables in France, Canada, Norway, Germany, and internationally. It operates through Building & Territories, Generation & Transmission, Industry & Solutions, and Other Activities segments. The company offers cables for the energy distribution networks, as well as equipment cables for buildings.

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