MTR (OTCMKTS:MTCPY) Trading Down 3.8% – What’s Next?

MTR Co. Limited (OTCMKTS:MTCPY)’s share price fell 3.8% during trading on Friday . The stock traded as low as $11.54 and last traded at $11.54. 320 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 493 shares. The stock had previously closed at $11.99.

MTR Trading Down 3.8%

The company’s fifty day simple moving average is $11.16 and its two-hundred day simple moving average is $10.81.

About MTR

MTR Corporation Limited (OTCMKTS: MTCPY) is a Hong Kong–based public transport operator primarily engaged in the development, construction and operation of urban railway networks. Established in 1975 as the Mass Transit Railway Corporation, the company was corporatized and listed in 2000, with the Government of the Hong Kong Special Administrative Region remaining its largest shareholder. MTR’s core business revolves around passenger rail services, including heavy rail passengers in Hong Kong, Light Rail operations in the New Territories and a complementary network of feeder buses and station taxis.

In addition to transport services, MTR leverages its extensive property portfolio through integrated property development and investment near station hubs.