Shares of Tokai Carbon Co., Ltd. (OTCMKTS:TKCBY – Get Free Report) traded up 6.3% during mid-day trading on Wednesday. The stock traded as high as $49.95 and last traded at $49.95. Approximately 150 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 300 shares. The stock had previously closed at $47.00.
Tokai Carbon Stock Performance
The company has a 50 day moving average of $47.39 and a 200-day moving average of $42.01.
About Tokai Carbon
Tokai Carbon Co, Ltd. is a Japan-based manufacturer of carbon and graphite products used in industrial, metallurgical, electronics, and transportation applications. The company’s products include graphite electrodes for electric arc furnaces, carbon black used in rubber and other materials, fine carbon products, graphite materials, friction materials, and carbon-based products for high-temperature processing.
Its products support steelmaking, semiconductor and electronics manufacturing, automotive components, industrial equipment, and other specialized applications that require electrical conductivity, thermal resistance, or wear resistance.
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