( shares fell below their fifty-day moving average on Wednesday. The stock's fifty-day moving average is $0.75, and it traded as low at $0.70. Electrovaya's shares were last traded at $0.72 with a volume 78,580.
Analysts set new price targets
Craig Hallum, in an article published on Friday 17th March, assumed responsibility for the shares of Electrovaya. The company's 200-day moving average is $0.80 and its fifty-day moving average is $0.75.
Electrovaya Company Profile
Electrovaya, Inc. is a company that manufactures and develops lithium-ion batteries. The company designs, develops, and manufactures proprietary lithium-ion battery systems and battery-related product for energy storage, electric transportation and other specialized uses. The company's business includes lithium-ion battery systems to power MHEVs such as forklifts and Automated guided Vehicles as well as accessories like battery chargers for charging the batteries. It also offers electromotive products for electric buses, trucks and other transportation applications, industrial products for energy storage, and specialty applications that require complex power solutions.
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