Skanska AB (publ) (OTCMKTS:SKSBF) Stock Breaks Above 200-Day Moving Average – Here’s Why

Skanska AB (publ) (OTCMKTS:SKSBF) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $27.33 and traded as high as $28.50. Skanska AB (publ) shares last traded at $28.50, with a volume of 200 shares trading hands.

Skanska AB (publ) Stock Up 7.5%

The stock has a 50 day moving average of $27.65 and a 200 day moving average of $27.33.

About Skanska AB (publ)

Skanska AB (publ) is a Sweden-based construction and development company founded in 1887. The company provides construction and project development services for public and private-sector customers, with activities spanning buildings, transportation infrastructure and other major civil engineering projects.

Skanska’s construction operations deliver offices, hospitals, schools, homes, roads, bridges, rail projects, airports and energy-related infrastructure. Its development businesses focus on commercial properties, residential communities and infrastructure projects, including the planning, financing, construction and management of large-scale assets.

The company serves customers primarily in the Nordic countries, other selected European markets and the United States.