Solar Energy Initiatives (OTCMKTS:SMTGF) Trading Down 2.8%

Solar Energy Initiatives (OTCMKTS:SMTGF) shares fell 2.8% during mid-day trading on Friday . The company traded as low as $30.75 and last traded at $30.75, 555 shares were traded during trading. An increase of 36% from the average session volume of 408 shares. The stock had previously closed at $31.64.

Separately, Jefferies Financial Group began coverage on shares of Solar Energy Initiatives in a report on Wednesday, May 27th. They issued a “hold” rating on the stock.

The company’s 50-day moving average price is $30.91.

About Solar Energy Initiatives (OTCMKTS:SMTGF)

SMA Solar Technology AG, together with its subsidiaries, develops, produces, and distributes photovoltaic (PV) inverters, transformers, choke coils, and monitoring and energy management systems for PV systems worldwide. It operates through Residential, Commercial, Utility, Storage, and Digital Energy segments.

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