Close Brothers Group (OTCMKTS:CBGPY) Shares Down 22.1% – Here’s What Happened

Close Brothers Group plc (OTCMKTS:CBGPYGet Free Report)’s stock price traded down 22.1% during mid-day trading on Friday . The company traded as low as $7.32 and last traded at $7.47. 4,235 shares were traded during mid-day trading, an increase of 321% from the average session volume of 1,005 shares. The stock had previously closed at $9.59.

Close Brothers Group Price Performance

The company has a 50 day simple moving average of $11.57 and a 200-day simple moving average of $11.77.

About Close Brothers Group

(Get Free Report)

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.

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