Multi Ways Holdings Ltd [AMEX: MWG] stock went on an upward path that rose over 31.37% on Tuesday, amounting to a one-week price increase of more than 50.25%.
Over the last 12 months, MWG stock dropped by -31.84%.
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The market cap for the stock reached $14.83 million, with 30.84 million shares outstanding and 10.26 million shares in the current float. Compared to the average trading volume of 51.34K shares, MWG stock reached a trading volume of 14034197 in the most recent trading day, which is why market watchdogs consider the stock to be active.
MWG Stock Performance Analysis:
Multi Ways Holdings Ltd [MWG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 50.25. With this latest performance, MWG shares gained by 45.04% in over the last four-week period, additionally plugging by 76.76% over the last 6 months – not to mention a drop of -31.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MWG stock in for the last two-week period is set at 76.30, with the RSI for the last a single of trading hit 81.83, and the three-weeks RSI is set at 71.70 for Multi Ways Holdings Ltd [MWG]. The present Moving Average for the last 50 days of trading for this stock 0.3270, while it was recorded at 0.3757 for the last single week of trading, and 0.3252 for the last 200 days.
Multi Ways Holdings Ltd [MWG] Institutonal Ownership Details
The top three institutional holders of MWG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MWG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MWG stock with ownership which is approximately 5.8386%.
