Yamaha (OTCMKTS:YAMCY) Shares Gap Up – Still a Buy?

Yamaha Co. (OTCMKTS:YAMCYGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $7.3570, but opened at $8.2950. Yamaha shares last traded at $8.0295, with a volume of 4,446 shares traded.

Yamaha Stock Performance

The stock’s fifty day moving average is $8.11 and its two-hundred day moving average is $7.46.

Yamaha Company Profile

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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.

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