Petrofac (OTCMKTS:POFCY) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Petrofac Limited (OTCMKTS:POFCYGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.06 and traded as low as $0.06. Petrofac shares last traded at $0.06, with a volume of 185,354 shares trading hands.

Petrofac Stock Up 6.2 %

The company’s 50 day moving average is $0.06 and its 200 day moving average is $0.08.

Petrofac Company Profile

(Get Free Report)

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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