Meggitt plc (OTCMKTS:MEGGF) dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as $8.09 and last traded at $8.09, approximately 4,359 shares were traded during mid-day trading. An increase of 185% from the average daily volume of 1,530 shares. The stock had previously closed at $8.11.
Separately, Societe Generale lowered Meggitt from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th.
The company has a 50 day moving average of $7.90 and a 200-day moving average of $7.24.
About Meggitt (OTCMKTS:MEGGF)
Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.
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