Orient Overseas (International) (OTCMKTS:OROVF) Shares Down 12% – Here’s Why

Orient Overseas (International) Limited (OTCMKTS:OROVF) was down 12% on Friday . The stock traded as low as $12.90 and last traded at $12.90. Approximately 500 shares were traded during mid-day 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 Down 12.0 %

The firm has a fifty day moving average price of $13.49 and a two-hundred day moving average price of $14.61.

Orient Overseas (International) Company Profile

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.