PowerCell Sweden AB (publ) (OTCMKTS:PCELF) Trading Down 7.5% – Here’s What Happened

PowerCell Sweden AB (publ) (OTCMKTS:PCELF) shares dropped 7.5% on Wednesday . The stock traded as low as $2.96 and last traded at $2.96. Approximately 1,500 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 1,176 shares. The stock had previously closed at $3.20.

PowerCell Sweden AB (publ) Stock Down 7.5 %

The company’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $2.62.

PowerCell Sweden AB (publ) Company Profile

PowerCell Sweden AB (publ) develops and produces fuel cells stacks and fuel cell systems in Sweden, Germany, the United States, Netherlands, the United States, Norway, and internationally. It operates through Aviation, Marine, Off-Road, On-Road, And Power Generation segments. The company offers Power Generation 5, a system that is used for integration with the customized output to a certain power and voltage target; Power Generation System 200, a compact fuel cell system that operates low inlet pressures for various renewable fuels; and Power Generation System 100, a fuel cell system that enables durable and flexible use, with an electric output of up to 100 kW specifically designed to accomplish compact integration together with a high-power output and robust construction.