Nokian Renkaat Oyj (OTCMKTS:NKRKY) Issues Quarterly Earnings Results

Nokian Renkaat Oyj (OTCMKTS:NKRKY) issued its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports.

Nokian Renkaat Oyj Stock Down 0.6%

Shares of OTCMKTS:NKRKY traded down $0.04 during midday trading on Tuesday, reaching $6.20. The company’s stock had a trading volume of 4,733 shares, compared to its average volume of 2,614. The firm has a 50 day moving average of $5.74 and a 200-day moving average of $5.03. Nokian Renkaat Oyj has a 12-month low of $3.16 and a 12-month high of $6.65.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nokian Renkaat Oyj in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Nokian Renkaat Oyj has an average rating of “Hold”.

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.