Nokian Renkaat Oyj (OTCMKTS:NKRKF) Stock Price Up 22.9% – What’s Next?

Nokian Renkaat Oyj (OTCMKTS:NKRKF) shares traded up 22.9% on Tuesday . The stock traded as high as $14.77 and last traded at $14.77. 1,999 shares changed hands during mid-day trading, an increase of 277% from the average daily volume of 530 shares. The stock had previously closed at $12.02.

Wall Street Analysts Forecast Growth

Separately, Danske raised Nokian Renkaat Oyj from a “hold” rating to a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Nokian Renkaat Oyj currently has an average rating of “Buy”.

Nokian Renkaat Oyj Price Performance

The company’s fifty day moving average is $11.99 and its 200 day moving average is $11.56.

About Nokian Renkaat Oyj

Nokian Renkaat Oyj is a Finland?based manufacturer of tyres and rubber products, best known for its winter tyre technology. The company’s product portfolio includes winter and all?season tyres for passenger cars, SUVs and light trucks, as well as heavy?duty tyres for trucks, buses, earthmovers and industrial equipment. Nokian Renkaat positions itself as a specialist in cold?climate and all?season traction solutions, with a strong focus on safety, durability and environmental performance.

The company was established in 1988 through the demerger of Nokia Corporation’s tyre operations, although its rubber production heritage dates back to the late 19th century.