Nokian Renkaat Oyj (OTCMKTS:NKRKY) Posts Earnings Results

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

Nokian Renkaat Oyj Stock Performance

NKRKY stock traded down $0.04 during midday trading on Tuesday, hitting $6.20. The company’s stock had a trading volume of 4,733 shares, compared to its average volume of 2,614. The firm’s 50-day moving average is $5.74 and its 200-day moving average is $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 restated a “hold” rating on shares of Nokian Renkaat Oyj in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Nokian Renkaat Oyj Company Profile

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.