SCB X Public (OTCMKTS:SMUUY) Shares Down 24.3% – Time to Sell?

SCB X Public Company Limited (OTCMKTS:SMUUY)’s share price fell 24.3% during trading on Tuesday . The company traded as low as $1.72 and last traded at $1.75. 3,500 shares were traded during trading, an increase of 73% from the average session volume of 2,022 shares. The stock had previously closed at $2.3125.

SCB X Public Stock Down 24.3%

The firm has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $1.75.

SCB X Public Company Profile

SCB X Public Company Limited (OTCMKTS: SMUUY) is a Thailand-based financial technology holding company formed by Siam Commercial Bank (SCB) to consolidate and scale its digital banking and related ventures. The firm was established in 2022 and completed its initial public offering on the Stock Exchange of Thailand (SET) in September of that year, with its over-the-counter shares trading in the U.S. under the ticker SMUUY.

SCB X Public operates a digital banking platform that delivers mobile-first deposit, lending and payment services designed to meet the needs of retail and small-business customers.