Electrovaya (OTCMKTS:EFLVF) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Electrovaya Inc. (OTCMKTS:EFLVFGet Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.45 and traded as low as $2.40. Electrovaya shares last traded at $2.45, with a volume of 70,612 shares changing hands.

Electrovaya Price Performance

The company’s 50 day moving average price is $2.45 and its two-hundred day moving average price is $2.38.

Electrovaya Company Profile

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Electrovaya Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including warehouse forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as building systems for third parties.

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