Yamaha (OTCMKTS:YAMCY) Hits New 1-Year High – Still a Buy?

Yamaha Co. (OTCMKTS:YAMCY – Get Free Report)’s stock price hit a new 52-week high during trading on Friday. The company traded as high as $9.05 and last traded at $8.2625, with a volume of 385 shares traded. The stock had previously closed at $7.3570.

Yamaha Price Performance

The firm’s 50 day simple moving average is $8.13 and its two-hundred day simple moving average is $7.48.

Yamaha Company Profile

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Yamaha Corporation is a Japan-based manufacturer of musical instruments and audio equipment. Its products include pianos and other keyboard instruments, guitars, drums, brass and woodwind instruments, orchestral instruments, and digital music products. The company also provides professional and consumer audio equipment, including mixing consoles, speakers, amplifiers, and related sound-processing systems.

Founded in 1887 by Torakusu Yamaha and incorporated as Nippon Gakki Co, Ltd. in 1897, the company adopted the Yamaha Corporation name in 1987.

Further Reading

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