Kikkoman (OTCMKTS:KIKOY) Shares Up 0.7% – Here’s What Happened

Shares of Kikkoman Co. (OTCMKTS:KIKOY) traded up 0.7% on Tuesday. The company traded as high as $23.00 and last traded at $23.00. Approximately 604 shares were traded during trading, an increase of 6,537% from the average session volume of 9 shares. The stock had previously closed at $22.85.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Kikkoman from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Kikkoman Price Performance

The business has a 50 day simple moving average of $21.76 and a 200-day simple moving average of $19.93.

About Kikkoman

Kikkoman Corporation (OTCMKTS:KIKOY) is a Japan-based food manufacturer best known for its soy sauce and related seasonings. Headquartered in Noda, Chiba Prefecture, the company traces its roots to family-operated soy sauce brewing in the early 1600s and formalized its corporate structure in 1917. Over the decades, Kikkoman has expanded its portfolio to include a wide range of sauces, marinades, dressings, and cooking wines, combining traditional fermentation techniques with modern production methods.

The company’s flagship product remains naturally brewed soy sauce, made from soybeans, wheat, salt and water through a fermentation process that can take several months.