Schaeffler (OTCMKTS:SFFLY) Trading Up 1.2% – Here’s Why

Shares of Schaeffler AG (OTCMKTS:SFFLY) shot up 1.2% on Thursday . The company traded as high as $12.85 and last traded at $12.8350. 3,364 shares changed hands during trading, a decline of 61% from the average session volume of 8,692 shares. The stock had previously closed at $12.6780.

Schaeffler Stock Up 1.2%

The firm’s 50-day moving average price is $10.99 and its 200-day moving average price is $8.30.

About Schaeffler

Schaeffler AG, trading in the United States under the symbol SFFLY, is a global provider of precision components and systems for the automotive, aerospace and industrial sectors. The company’s core offerings include rolling element bearings, plain bearings, linear products, engine and transmission components, as well as solutions for e-mobility and electric drive systems. Schaeffler serves customers across the original equipment and aftermarket segments, supporting manufacturers with both standard products and bespoke engineering services.

In the automotive sector, Schaeffler’s product portfolio covers engine timing systems, valve train components, clutches, transmissions and high-performance bearings designed to enhance fuel efficiency, reduce emissions and increase durability.