Schaeffler AG (FRA:SHA – Get Free Report) shares rose 13.7% during mid-day trading on Tuesday . The stock traded as high as €6.42 ($6.90) and last traded at €6.41 ($6.89). Approximately 3,920,726 shares changed hands during trading, The stock had previously closed at €5.64 ($6.06).
Schaeffler Trading Up 13.7 %
The firm’s fifty day moving average price is €6.24 and its 200-day moving average price is €5.77.
Schaeffler Company Profile
Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives.
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