GlyEco (OTCMKTS:GLYE) Shares Down 56.6%

GlyEco Inc (OTCMKTS:GLYE) was down 56.6% during mid-day trading on Tuesday . The stock traded as low as $0.23 and last traded at $0.23, approximately 21,170 shares traded hands during mid-day trading. An increase of 20,433% from the average daily volume of 103 shares. The stock had previously closed at $0.53.

Separately, ValuEngine lowered shares of GlyEco from a “buy” rating to a “hold” rating in a research report on Monday, October 21st.

The company’s fifty day simple moving average is $0.61 and its 200 day simple moving average is $1.09.

GlyEco Company Profile (OTCMKTS:GLYE)

GlyEco, Inc, a specialty chemical company, develops, manufactures, and distributes performance fluids for the automotive, commercial, and industrial markets in North America. The company operates through two segments, Consumer and Industrial. Its Consumer segment provides antifreeze/coolant products; heating, ventilation, and air conditioning fluids; and waste glycol disposal services.

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