Arçelik Anonim Sirketi (OTCMKTS:ACKAY) Shares Up 2.9% – Still a Buy?

Arçelik Anonim Sirketi (OTCMKTS:ACKAY) shares shot up 2.9% during trading on Friday . The company traded as high as $13.52 and last traded at $13.52. 674 shares were traded during trading, an increase of 38% from the average session volume of 487 shares. The stock had previously closed at $13.14.

Arçelik Anonim Sirketi Stock Up 2.9%

The business has a 50 day simple moving average of $13.10 and a 200-day simple moving average of $14.77.

Arçelik Anonim Sirketi Company Profile

Arçelik Anonim Şirketi is a Turkish multinational consumer durables and electronics company engaged in the design, manufacture and marketing of household appliances. As part of Koç Holding, one of Turkey’s largest industrial groups, Arçelik offers a broad portfolio of white goods including refrigerators, washing machines, dishwashers, ovens and cooking appliances, as well as small domestic appliances such as vacuum cleaners and air conditioners. The company markets its products under a variety of brands, notably Arçelik, Beko and Grundig, targeting both domestic and international markets.

With its headquarters in Istanbul, Arçelik maintains production facilities in Turkey and in key overseas locations across Europe, Asia, Africa and the Middle East.