Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) Trading Up 10.5% – Should You Buy?

Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY)’s stock price shot up 10.5% on Friday . The stock traded as high as $14.75 and last traded at $14.75. 240 shares were traded during mid-day trading, an increase of 33% from the average session volume of 180 shares. The stock had previously closed at $13.35.

Ford Otomotiv Sanayi A.S. Stock Performance

The company’s 50 day moving average is $12.68 and its 200-day moving average is $12.30.

Ford Otomotiv Sanayi A.S. Company Profile

Ford Otomotiv Sanayi A.Ş., commonly known as Ford Otosan, is a Turkey‐based automotive manufacturer formed as a joint venture between Ford Motor Company and Koç Holding. The company focuses on the design, engineering, production and distribution of commercial vehicles, diesel engines and associated spare parts. Since its establishment in the 1970s, Ford Otosan has grown into one of Turkey’s largest industrial enterprises, with operations that span the full vehicle lifecycle from research and development to delivery of aftermarket solutions.

Ford Otosan’s product portfolio is anchored by the Ford Transit family of light commercial vehicles, including Transit, Transit Custom, Transit Connect and Transit Courier models.