Grupo Traxión (OTCMKTS:GRPOF) Shares Down 16% – What’s Next?

Shares of Grupo Traxión, S.A.B. de C.V. (OTCMKTS:GRPOF) dropped 16% on Thursday . The stock traded as low as $0.87 and last traded at $0.87. Approximately 1,000 shares traded hands during trading, a decline of 87% from the average daily volume of 7,957 shares. The stock had previously closed at $1.03.

Grupo Traxión Price Performance

The stock has a 50-day simple moving average of $1.03 and a 200-day simple moving average of $1.30.

About Grupo Traxión

Grupo Traxión, SAB. de C.V. operates as a mobility and logistics company in Mexico. It operates through Cargo, Logistics Solution, and Personnel and Student Transportation segments. The company offers dry and refrigerated boxes, hoppers, platforms, mid-range units, intermodal and multimodal, imports and exports, domestic distribution, cross-borders, ports, cross docks, and door-to-door freight services; logistics integration services, such as land management, control tower, networks consultancy, eCommerce, domestic trips, imports and exports, consolidated, specialized, storage, cold chain, in-house, cargo, door-to-door, land, air, and maritime services; and warehousing services, including dedicated warehousing, shared warehouses, platform crossings, inventory management, product unloading and loading, finishing and raw materials, exports shipping, inverse logistics, automated and aleatory systems, and collection by radiofrequency and/or voice, as well as copacking and production for exports, such as labeling, product assembling, promotional materials, thermal-forming, and sealing.