Nokian Renkaat Oyj (OTCMKTS:NKRKF – Get Free Report) is expected to release its resultson Friday, July 17th. Analysts expect the company to post earnings of $0.1640 per share and revenue of $414.8530 million for the quarter.
Nokian Renkaat Oyj Price Performance
OTCMKTS:NKRKF opened at $14.05 on Friday. The company’s 50-day moving average price is $12.52 and its 200-day moving average price is $11.85. Nokian Renkaat Oyj has a twelve month low of $9.00 and a twelve month high of $14.77.
Analyst Ratings Changes
Separately, Danske upgraded Nokian Renkaat Oyj from a “hold” rating to a “buy” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, Nokian Renkaat Oyj presently has an average rating of “Buy”.
About Nokian Renkaat Oyj
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.
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