Furukawa Electric (OTCMKTS:FUWAY) Trading Up 43.4% – What’s Next?

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAYGet Free Report)’s share price rose 43.4% on Thursday . The stock traded as high as $24.95 and last traded at $24.95. Approximately 100 shares traded hands during trading, a decline of 85% from the average daily volume of 681 shares. The stock had previously closed at $17.40.

Furukawa Electric Stock Performance

The stock has a 50-day moving average price of $19.93 and a 200-day moving average price of $20.80.

About Furukawa Electric

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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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