Furukawa Electric (OTCMKTS:FUWAY) Trading 21.8% Higher – Should You Buy?

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAYGet Free Report) shares shot up 21.8% during mid-day trading on Friday . The stock traded as high as $26.00 and last traded at $26.00. 1,028 shares were traded during mid-day trading, a decline of 71% from the average session volume of 3,574 shares. The stock had previously closed at $21.35.

Furukawa Electric Trading Up 21.8 %

The stock’s 50 day simple moving average is $21.42 and its 200 day simple moving average is $15.39.

Furukawa Electric Company Profile

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Furukawa Electric Co, Ltd. manufactures and sells telecommunications, energy, automobile, electronic, and construction products worldwide. It operates through Infrastructure, Electronics & Automotive Systems, Functional Products, and Service and Developments segments. The company offers telecommunications products, such as broadband systems, routers/network equipment, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical active component, and metal communication cables, as well as wiring materials.

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