Befesa (OTC:BFSAF) Trading Down 10.6% – Here’s Why

Befesa S.A. (OTC:BFSAFGet Free Report) fell 10.6% on Tuesday . The company traded as low as $25.35 and last traded at $25.35. 450 shares traded hands during mid-day trading, an increase of 350% from the average session volume of 100 shares. The stock had previously closed at $28.35.

Befesa Trading Down 10.6 %

The business’s fifty day simple moving average is $27.73 and its 200-day simple moving average is $27.74.

Befesa Company Profile

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Befesa SA offers environmental recycling services to the steel and aluminum industries in European, Asian, and North American markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; sells waelz oxide to zinc smelters; and treats crude steel dust.

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