Fletcher Building (OTCMKTS:FRCEF) Stock Price Up 20% – Still a Buy?

Fletcher Building Limited (OTCMKTS:FRCEFGet Free Report)’s share price traded up 20% on Thursday . The stock traded as high as $2.10 and last traded at $2.10. 10,002 shares changed hands during mid-day trading, an increase of 700% from the average daily volume of 1,250 shares. The stock had previously closed at $1.75.

Fletcher Building Trading Up 20.0%

The company’s 50-day moving average price is $1.64 and its 200-day moving average price is $1.82.

About Fletcher Building

(Get Free Report)

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.

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