Nifco (OTCMKTS:NIFCY) Shares Climb 19.8% – Here’s Why

Nifco Inc. (OTCMKTS:NIFCY – Get Free Report)’s stock price rose 19.8% during trading on Wednesday. The company traded as high as $14.4930 and last traded at $14.4930. 1,000 shares were traded during mid-day trading, an increase of 599% from the average daily volume of 143 shares. The stock had previously closed at $12.10.

Nifco Price Performance

The company’s fifty day moving average is $13.26 and its two-hundred day moving average is $13.24.

Nifco Company Profile

(Get Free Report)

Nifco Inc (OTCMKTS:NIFCY) is a Japan-based manufacturer of plastic components and functional parts, with a primary focus on the automotive industry. The company develops and produces plastic fasteners, clips, retainers, precision-molded components, fluid-control products, and other parts used in vehicle interiors, exteriors, engines, fuel systems, and other automotive applications.

Founded in 1967, Nifco has expanded from its original fastener business into a broader supplier of engineered plastic products.

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