Nokian Renkaat Oyj (OTCMKTS:NKRKY) Releases Quarterly Earnings Results

Nokian Renkaat Oyj (OTCMKTS:NKRKY) announced its earnings results on Friday. The company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $441.65 million for the quarter.

Nokian Renkaat Oyj Stock Performance

Shares of OTCMKTS NKRKY opened at $8.68 on Friday. The business has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $6.17. Nokian Renkaat Oyj has a one year low of $4.15 and a one year high of $8.71.

About Nokian Renkaat Oyj

Nokian Renkaat Oyj, operating under the Nokian Tyres brand, is a Finnish manufacturer specializing in the design, development and production of tires for passenger cars, SUVs, trucks and heavy machinery. The company is particularly renowned for its winter tire technologies, offering a portfolio that includes studded and studless solutions engineered for snow, ice and challenging weather conditions. Nokian also produces all-season and summer tire lines, catering to a broad range of on-road and off-road applications.

The firm traces its origins to the Finnish Rubber Works founded in 1898 and emerged as an independent tire company following a spin-off from Nokia Corporation in 1988.