Nokian Renkaat Oyj (OTCMKTS:NKRKY) Trading Up 7.7% – Still a Buy?

Nokian Renkaat Oyj (OTCMKTS:NKRKYGet Free Report)’s share price was up 7.7% during trading on Monday . The stock traded as high as $7.07 and last traded at $6.99. Approximately 4,560 shares were traded during trading, an increase of 37% from the average daily volume of 3,326 shares. The stock had previously closed at $6.49.

Nokian Renkaat Oyj Stock Up 0.7%

The firm has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $5.86.

About Nokian Renkaat Oyj

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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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