November 25, 2016 - 6:11 PM EST
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Services Sector Feels 4.66% Slide in Shares of Golar LNG Limited (GLNG) at Midday on November 25

Golar LNG Limited (GLNG) lost ground during morning trading on November 25 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the services sector halfway through the trading day. At the lunch break, shares of GLNG have fallen 4.66% to $24.33 after closing the day prior at $25.52. So far, the stock has traded as high as $25.4 and as low as $24.02. Today's decline has come with about 806,569 shares changing hands, compared to an average 30-day volume of 1.45 million for Golar LNG Limited. The price is currently below the 30-day volume weighted average price of $24.48 for GLNG. The share depreciation gives the company a market capitalization of $2.58 billion based upon 101.04 million shares outstanding. It also means that GLNG has a price-to-book ratio of 1.51:1. In the past 52 weeks, shares of GLNG have traded as low as $9.42 and as high as $28.63. Technical traders will take note that at $24.33, shares of GLNG are trading above their 200-day MA at $19.2 and above their 50-day MA at $22.6. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is GLNG? Golar LNG Ltd is a midstream LNG company engaged in the transportation, regasification and liquefaction and trading of LNG. It is engaged in the acquisition, ownership, operation and chartering of LNG carriers. The company’s 705 employees are led by CEO from the corporate headquarters at 9 Par-la-Ville Road in Hamilton, . For more information on GLNG and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com


Source: Financial Press News (November 25, 2016 - 6:11 PM EST)

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