Shares of Tokai Carbon Co. (OTCMKTS:TKCBY) traded down 2.6% during mid-day trading on Wednesday . The company traded as low as $35.98 and last traded at $35.98, 737 shares were traded during trading. A decline of 46% from the average session volume of 1,368 shares. The stock had previously closed at $36.93.
Separately, Goldman Sachs Group cut shares of Tokai Carbon from a “buy” rating to a “neutral” rating in a report on Monday, October 21st.
The business’s fifty day simple moving average is $39.09 and its 200-day simple moving average is $39.70.
About Tokai Carbon (OTCMKTS:TKCBY)
Tokai Carbon Co, Ltd. manufactures and sells carbon-related products and services in Japan. It operates through Carbon Black, Graphite Electrodes, Fine Carbon, Industrial Furnaces and Related Products, and Other Operations segments. The company offers carbon black, including SEAST, TOKABLACK, Aqua Black, and Thermal black varieties, which are used to reinforce the rubber in tires; and as a black pigment in various black-colored products.
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