Nokian Renkaat Oyj (OTCMKTS:NKRKY) Shares Climb 1.7% – Should You Buy?

Nokian Renkaat Oyj (OTCMKTS:NKRKY)’s stock price rose 1.7% during mid-day trading on Monday. The company traded as high as $7.95 and last traded at $7.95. Approximately 4,802 shares were traded during trading, an increase of 22% from the average session volume of 3,935 shares. The stock had previously closed at $7.82.

Analyst Ratings Changes

Separately, Deutsche Bank reaffirmed a “hold” rating on shares of Nokian Renkaat Oyj in a research report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Nokian Renkaat Oyj Stock Down 0.1%

The business’s 50 day moving average price is $8.35 and its 200 day moving average price is $7.16.

Nokian Renkaat Oyj Company Profile

Nokian Renkaat Oyj, also known as Nokian Tyres, is a Finland-based tire manufacturer serving passenger cars, commercial vehicles, trucks, buses and heavy machinery. The company develops and sells summer, winter and all-season tires, with a particular focus on products designed for challenging Nordic and other demanding weather conditions. The company’s best-known product family is the Nokian Hakkapeliitta range of winter tires. Nokian Tyres also offers tires for forestry, agriculture, construction and other specialized applications.