Nokian Renkaat Oyj (OTCMKTS:NKRKY) Shares Down 2% – Time to Sell?

Nokian Renkaat Oyj (OTCMKTS:NKRKY) traded down 2% during mid-day trading on Tuesday . The company traded as low as $4.99 and last traded at $4.99. 1,955 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 4,727 shares. The stock had previously closed at $5.09.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nokian Renkaat Oyj in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Nokian Renkaat Oyj presently has a consensus rating of “Hold”.

Nokian Renkaat Oyj Trading Down 2.0%

The stock has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $4.37.

Nokian Renkaat Oyj (OTCMKTS:NKRKY) last announced its earnings results on Tuesday, October 28th. The company reported $0.02 EPS for the quarter. The firm had revenue of $402.23 million for the quarter.

About Nokian Renkaat Oyj

Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, the rest of Europe, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments. The Passenger Car Tyres segment develops and produces summer, winter, and all-season tires for cars and vans.