China Advanced Constructn Mtrls Grp Inc (NASDAQ:CADC)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.85 and traded as high as $3.55. China Advanced Constructn Mtrls Grp shares last traded at $3.55, with a volume of 8,399 shares changing hands.
Separately, ValuEngine downgraded China Advanced Constructn Mtrls Grp from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th.
The firm’s 50-day simple moving average is $2.86.
China Advanced Construction Materials Group, Inc, through its subsidiaries, produces and sells construction materials for large scale infrastructure, commercial, and residential developments primarily in the People's Republic of China. Its products include ready-mixed concrete blends, controlled low-strength materials, high-strength concrete products with customized fibers, and soil cement and foundation concretes; and compound admixture, lightweight aggregate, thermostat, and C100 high performance concrete products.
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