Mynaric (NASDAQ:MYNA) Trading Down 42.7% – Should You Sell?

Mynaric AG (NASDAQ:MYNAGet Free Report)’s share price was down 42.7% during mid-day trading on Tuesday . The company traded as low as $0.24 and last traded at $0.24. Approximately 4,410,105 shares were traded during mid-day trading, an increase of 1,085% from the average daily volume of 372,191 shares. The stock had previously closed at $0.42.

Mynaric Stock Down 42.7 %

The firm’s fifty day moving average price is $0.51 and its 200 day moving average price is $1.22.

Mynaric Company Profile

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Mynaric AG develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the United States and internationally. It operates through Air and Space segments. The company's laser communication technology provides long-distance data transmission between moving objects for wireless space, airborne, and terrestrial applications.

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