Furukawa Electric (OTCMKTS:FUWAY) Trading 6.5% Higher – Time to Buy?

Furukawa Electric Co., Ltd. (OTCMKTS:FUWAY) shares traded up 6.5% on Tuesday . The stock traded as high as $12.50 and last traded at $12.50. 500 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 3,460 shares. The stock had previously closed at $11.74.

Furukawa Electric Trading Up 20.8 %

The company’s 50-day simple moving average is $11.49 and its 200-day simple moving average is $12.01.

About Furukawa Electric

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.