Electrovaya (OTCMKTS:EFLVF) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Electrovaya Inc. (OTCMKTS:EFLVFGet Free Report)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.49 and traded as low as $2.35. Electrovaya shares last traded at $2.44, with a volume of 82,976 shares trading hands.

Electrovaya Stock Performance

The firm’s fifty day moving average price is $2.49 and its two-hundred day moving average price is $2.32.

About Electrovaya

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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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