Nolato AB (publ) (OTCMKTS:NLTBF) Shares Up 8.8% – Still a Buy?

Nolato AB (publ) (OTCMKTS:NLTBFGet Free Report)’s share price shot up 8.8% on Tuesday . The company traded as high as C$6.53 and last traded at C$6.53. 4,600 shares were traded during trading, an increase of 1,433% from the average session volume of 300 shares. The stock had previously closed at C$6.00.

Nolato AB (publ) Stock Performance

The business’s 50-day moving average price is C$6.48 and its 200 day moving average price is C$6.48.

About Nolato AB (publ)

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Nolato AB (publ) is a Sweden-based contract manufacturer specializing in polymer solutions. The company provides design, development and production services for injection-moulded plastic and silicone products. Its core business areas include telecom and consumer electronics, healthcare and life science, as well as industrial applications. Nolato works with multinational customers to deliver precision components, system assemblies and turnkey solutions.

In its telecom and consumer electronics segment, Nolato offers products ranging from handset casings to base station components and optical networks parts.

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