Orient Overseas (International) (OTCMKTS:OROVF) Stock Price Down 12% – Here’s What Happened

Orient Overseas (International) Limited (OTCMKTS:OROVF) shares were down 12% during trading on Friday . The stock traded as low as $12.90 and last traded at $12.90. Approximately 500 shares changed hands during trading, an increase of 67% from the average daily volume of 300 shares. The stock had previously closed at $14.66.

Orient Overseas (International) Stock Performance

The business has a 50-day simple moving average of $13.49 and a two-hundred day simple moving average of $14.62.

About Orient Overseas (International)

Orient Overseas (International) Limited, an investment holding company, provides container transport and logistics services in Asia, Europe, North and South America, Australia, and Africa. The company offers supply chain management services; and containerised shipping services in various trade lanes comprising Trans-Pacific, Trans-Atlantic, Asia/Europe, and Intra-Asia/Australasia trades.