Fletcher Building (OTCMKTS:FRCEF) Shares Up 12.1% – Should You Buy?

Fletcher Building Limited (OTCMKTS:FRCEF)’s stock price was up 12.1% during trading on Thursday . The company traded as high as $2.13 and last traded at $2.13. Approximately 4,000 shares traded hands during trading, an increase of 287% from the average daily volume of 1,033 shares. The stock had previously closed at $1.90.

Fletcher Building Trading Up 12.1%

The stock’s fifty day simple moving average is $1.62 and its 200-day simple moving average is $1.71.

About Fletcher Building

Fletcher Building Limited (OTCMKTS:FRCEF) is a leading integrated building materials and construction company headquartered in Auckland, New Zealand. The company operates through a diversified portfolio that spans manufacturing, distribution, construction and infrastructure services, serving residential, commercial and industrial markets across Australasia and the Pacific Islands.

In its building products division, Fletcher Building produces gypsum plasterboard, fibre cement, roofing, insulation and aluminium joinery under well-known brands such as Laminex and Firth.