Kesko Oyj (OTCMKTS:KKOYY) Shares Down 5.5% – Here’s Why

Kesko Oyj (OTCMKTS:KKOYY) fell 5.5% on Thursday . The company traded as low as $12.20 and last traded at $12.21. 15,181 shares changed hands during trading, a decline of 42% from the average session volume of 26,383 shares. The stock had previously closed at $12.92.

Kesko Oyj Trading Down 5.5%

The stock’s 50-day simple moving average is $11.38 and its 200 day simple moving average is $11.05.

Kesko Oyj Company Profile

Kesko Oyj is a Finnish retail conglomerate headquartered in Helsinki. The company operates through four main divisions—grocery trade, building and technical trade, car trade, and agricultural and machinery trade—serving both consumer and professional customers. Kesko is publicly listed on the Nasdaq Helsinki exchange and maintains an American Depositary Receipt (ADR) program on the OTC market under the ticker KKOYY.

In its grocery trade segment, Kesko supplies a network of K-food stores, including K-Citymarket, K-Supermarket and K-Market, offering fresh produce, everyday household goods, and private-label products.