Deutsche Wohnen (OTCMKTS:DTCWY) Stock Price Down 9.8% – Here’s What Happened

Deutsche Wohnen SE (OTCMKTS:DTCWY)’s share price was down 9.8% during trading on Friday . The company traded as low as $10.5725 and last traded at $10.5725. Approximately 253 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 741 shares. The stock had previously closed at $11.7150.

Deutsche Wohnen Price Performance

The company has a 50-day moving average price of $11.86 and a two-hundred day moving average price of $12.09.

About Deutsche Wohnen

Deutsche Wohnen SE is a Germany‐based real estate company primarily engaged in the acquisition, development and management of residential and commercial properties. Headquartered in Berlin, the company holds a diversified portfolio of multi‐family apartments and office spaces, with a strategic focus on long‐term rental income. Deutsche Wohnen’s shares are traded on German exchanges and its American Depositary Shares (ADS) are available over the counter under the ticker DTCWY.

The company’s property portfolio spans major German urban centers including Berlin, Hamburg, Frankfurt, Leipzig and Dresden.