Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY – Get Free Report)’s share price shot up 1.5% during trading on Monday. The company traded as high as $8.07 and last traded at $8.07. Approximately 102 shares changed hands during trading, a decline of 65% from the average daily volume of 292 shares. The stock had previously closed at $7.95.
Ford Otomotiv Sanayi A.S. Stock Up 1.5%
The company’s 50 day moving average price is $8.38 and its 200 day moving average price is $9.88.
About Ford Otomotiv Sanayi A.S.
Ford Otomotiv Sanayi A.Ş., commonly known as Ford Otosan, is a Turkey-based automotive manufacturer and a joint venture between Ford Motor Company and Koç Holding. Established in 1959, the company develops, manufactures, markets and sells Ford-branded commercial vehicles, trucks, buses, engines and automotive components.
Ford Otosan produces vehicles including the Transit, Transit Custom, Tourneo, Courier, Ranger and Ford Trucks models, along with diesel and other powertrain systems. Its manufacturing and engineering operations are centered in Turkey, including facilities in Kocaeli, İnönü and Sancaktepe, and the company also operates manufacturing activities in Craiova, Romania.
The company supplies the Turkish market and exports vehicles, engines and components to Europe and other international markets.
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