Light S.A. (OTCMKTS:LGSXY – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $0.95 and traded as low as $0.8550. Light shares last traded at $0.8550, with a volume of 176 shares changing hands.
Light Stock Down 14.1%
The business’s 50 day moving average is $1.21 and its 200-day moving average is $0.95.
About Light
Light SA is a Brazilian energy company focused primarily on the generation, transmission and distribution of electric power. Through its operating subsidiaries, the company supplies electricity to residential, commercial and industrial customers and manages infrastructure used to deliver power across its service territory.
The company’s principal distribution activities are concentrated in the state of Rio de Janeiro, including the metropolitan region and the city of Rio de Janeiro. Light has historically served a broad customer base across multiple municipalities, while its energy-generation and related operations support the wider Brazilian electricity market.
Light traces its origins to the development of Rio de Janeiro’s electric utility system in the early 20th century.
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