Furukawa Electric (OTCMKTS:FUWAY) Stock Price Up 6.5% – Still a Buy?

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAYGet Free Report)’s stock price shot up 6.5% during mid-day trading on Monday . The stock traded as high as $11.74 and last traded at $11.74. 139 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 3,532 shares. The stock had previously closed at $11.02.

Furukawa Electric Stock Performance

The business’s 50-day moving average price is $11.44 and its 200 day moving average price is $11.84.

About Furukawa Electric

(Get Free Report)

Furukawa Electric Co, Ltd. manufactures and sells telecommunications, energy, automobile, electronic, and construction products worldwide. It operates through Infrastructure, Electronics & Automotive Systems, Functional Products, and Service and Developments segments. The company offers telecommunications products, such as broadband systems, routers/network equipment, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical active component, and metal communication cables, as well as wiring materials.

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