Nokian Renkaat Oyj (OTCMKTS:NKRKF) Stock Price Up 22.9% – What’s Next?

Shares of Nokian Renkaat Oyj (OTCMKTS:NKRKF) shot up 22.9% during mid-day trading on Tuesday . The stock traded as high as $14.77 and last traded at $14.77. 1,999 shares changed hands during trading, an increase of 277% from the average session volume of 530 shares. The stock had previously closed at $12.02.

Wall Street Analyst Weigh In

Separately, Danske upgraded Nokian Renkaat Oyj from a “hold” rating to a “buy” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Nokian Renkaat Oyj Price Performance

The company’s 50-day moving average is $11.99 and its 200-day moving average is $11.56.

Nokian Renkaat Oyj Company Profile

Nokian Renkaat Oyj is a Finland‐based manufacturer of tyres and rubber products, best known for its winter tyre technology. The company’s product portfolio includes winter and all‐season tyres for passenger cars, SUVs and light trucks, as well as heavy‐duty tyres for trucks, buses, earthmovers and industrial equipment. Nokian Renkaat positions itself as a specialist in cold‐climate and all‐season traction solutions, with a strong focus on safety, durability and environmental performance.

The company was established in 1988 through the demerger of Nokia Corporation’s tyre operations, although its rubber production heritage dates back to the late 19th century.