Yamaha (OTCMKTS:YAMCY) Hits New 1-Year High – Still a Buy?

Yamaha Co. (OTCMKTS:YAMCY – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $9.05 and last traded at $8.2625, with a volume of 385 shares traded. The stock had previously closed at $7.3570.

Yamaha Price Performance

The company has a 50-day simple moving average of $8.13 and a two-hundred day simple moving average of $7.48.

About Yamaha

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Yamaha Corporation is a Japan-based manufacturer of musical instruments and audio equipment. Its products include pianos and other keyboard instruments, guitars, drums, brass and woodwind instruments, orchestral instruments, and digital music products. The company also provides professional and consumer audio equipment, including mixing consoles, speakers, amplifiers, and related sound-processing systems.

Founded in 1887 by Torakusu Yamaha and incorporated as Nippon Gakki Co, Ltd. in 1897, the company adopted the Yamaha Corporation name in 1987.

Further Reading

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