ASICS (OTCMKTS:ASCCF) Shares Up 34.4% – Here’s What Happened

ASICS Co. (OTCMKTS:ASCCF) shares were up 34.4% on Thursday . The company traded as high as $32.41 and last traded at $32.41. Approximately 100 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 214 shares. The stock had previously closed at $24.11.

ASICS Stock Up 34.4%

The stock’s 50 day moving average price is $24.90 and its 200-day moving average price is $25.45.

About ASICS

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.