Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Free Report) shares shot up 7.7% on Monday . The company traded as high as $7.07 and last traded at $6.99. 4,560 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 3,326 shares. The stock had previously closed at $6.49.
Nokian Renkaat Oyj Stock Up 7.7%
The stock’s 50 day simple moving average is $5.97 and its two-hundred day simple moving average is $5.82.
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.
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