GungHo Online Entertainment (OTCMKTS:GUNGF) Shares Down 27.9% – Here’s What Happened

Shares of GungHo Online Entertainment, Inc. (OTCMKTS:GUNGFGet Free Report) were down 27.9% on Wednesday . The company traded as low as $17.34 and last traded at $17.34. Approximately 1 shares were traded during trading, a decline of 100% from the average daily volume of 1,342 shares. The stock had previously closed at $24.04.

GungHo Online Entertainment Stock Down 27.9 %

The company’s 50 day moving average price is $20.04 and its two-hundred day moving average price is $20.30.

GungHo Online Entertainment Company Profile

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GungHo Online Entertainment, Inc plans, develops, operates, and distributes smartphone applications, console games, and online computer games. The company was formerly known as ONSale Co, Ltd. and changed its name to GungHo Online Entertainment, Inc in August 2002. GungHo Online Entertainment, Inc was incorporated in 1998 and is based in Tokyo, Japan.

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