Close Brothers Group (OTCMKTS:CBGPY) Stock Price Down 22.1% – What’s Next?

by · The Markets Daily

Close Brothers Group plc (OTCMKTS:CBGPY – Get Free Report) shares dropped 22.1% on Friday . The company traded as low as $7.32 and last traded at $7.47. Approximately 4,235 shares changed hands during trading, an increase of 321% from the average daily volume of 1,005 shares. The stock had previously closed at $9.59.

Close Brothers Group Price Performance

The company’s 50 day moving average is $11.57 and its 200 day moving average is $11.76.

Close Brothers Group Company Profile

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Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.

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