Furukawa Electric (OTCMKTS:FUWAY) Stock Price Down 27.9% – What’s Next?

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAYGet Free Report) shares fell 27.9% on Thursday . The stock traded as low as $17.45 and last traded at $17.45. 200 shares were traded during trading, a decline of 76% from the average session volume of 844 shares. The stock had previously closed at $24.20.

Furukawa Electric Stock Performance

The business’s 50 day simple moving average is $22.92 and its 200-day simple moving average is $19.19.

About Furukawa Electric

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Furukawa Electric Co, Ltd. manufactures and sells telecommunications, energy, automobile, electronic, and construction products worldwide. It operates through Infrastructure, Electronics & Automotive Systems, Functional Products, and Service and Developments segments. The company offers telecommunications products, such as broadband systems, routers/network equipment, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical active component, and metal communication cables, as well as wiring materials.

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