ASICS (OTCMKTS:ASCCF) Shares Down 8.2% – Should You Sell?

ASICS Co. (OTCMKTS:ASCCFGet Free Report)’s share price dropped 8.2% during trading on Thursday . The stock traded as low as $22.96 and last traded at $22.96. Approximately 291 shares changed hands during trading, a decline of 89% from the average daily volume of 2,585 shares. The stock had previously closed at $25.00.

ASICS Trading Down 8.2%

The firm has a 50-day moving average of $24.07 and a two-hundred day moving average of $25.32.

ASICS Company Profile

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ASICS Corporation is a Japanese multinational corporation specializing in the design, manufacture and marketing of athletic footwear, apparel and accessories. Headquartered in Kobe, Japan, the company was founded in 1949 by Kihachiro Onitsuka under the name Onitsuka Co, Ltd. It adopted the ASICS name in 1977, an acronym derived from the Latin phrase “Anima Sana In Corpore Sano” (“A Sound Mind in a Sound Body”), reflecting its long-standing commitment to promoting healthy living through sport.

The company’s primary business activities encompass research, development and production of performance-driven running shoes, cross-training sneakers, sportswear and related accessories.

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