International Distributions Services (OTCMKTS:ROYMF) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

International Distributions Services plc (OTCMKTS:ROYMF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.40 and traded as low as $5.40. International Distributions Services shares last traded at $5.40, with a volume of 100 shares.

International Distributions Services Trading Up 30.8%

The company has a 50-day moving average price of $5.40 and a 200-day moving average price of $5.07.

International Distributions Services Company Profile

International Distributions Services PLC (OTCMKTS: ROYMF) is a United Kingdom–based holding company that operates a global mail and parcel business through its two principal divisions: Royal Mail and General Logistics Systems (GLS). The company’s UK-focused Royal Mail arm provides letter and parcel delivery services across Britain, operating an extensive domestic network that supports both retail and business customers. Its offerings range from standard letter post to expedited parcel services and international mail solutions.

GLS, acquired by the group in 2005, represents International Distributions Services’ international parcels and logistics platform.