Nokian Renkaat Oyj (OTCMKTS:NKRKY) Shares Down 2% – Time to Sell?

Nokian Renkaat Oyj (OTCMKTS:NKRKYGet Free Report) shares fell 2% during trading on Tuesday . The company traded as low as $4.99 and last traded at $4.99. 1,955 shares changed hands during trading, a decline of 59% from the average session volume of 4,727 shares. The stock had previously closed at $5.09.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nokian Renkaat Oyj in a research note on Wednesday, October 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Check Out Our Latest Research Report on Nokian Renkaat Oyj

Nokian Renkaat Oyj Trading Down 2.0%

The firm’s 50-day moving average is $4.73 and its two-hundred day moving average is $4.37.

Nokian Renkaat Oyj (OTCMKTS:NKRKYGet Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.02 EPS for the quarter. The business had revenue of $402.23 million for the quarter.

Nokian Renkaat Oyj Company Profile

(Get Free Report)

Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, the rest of Europe, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments. The Passenger Car Tyres segment develops and produces summer, winter, and all-season tires for cars and vans.

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