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An announcement from Nippon Electric Glass Co ( (JP:5214) ) is now available.
Nippon Electric Glass Co., Ltd. has decided to cease operations of its UK subsidiary, Electric Glass Fiber UK, Ltd., as part of a strategic restructuring of its composites business. This decision follows a strategic review period where various options were considered to improve profitability and efficiency. The cessation of operations is aimed at rebuilding the company’s production system and enhancing its product offerings, although the full impact on the company’s financial performance is still under review.
The most recent analyst rating on (JP:5214) stock is a Hold with a Yen3730.00 price target. To see the full list of analyst forecasts on Nippon Electric Glass Co stock, see the JP:5214 Stock Forecast page.
More about Nippon Electric Glass Co
Nippon Electric Glass Co., Ltd. operates in the glass manufacturing industry, focusing on producing glass fiber for plastics reinforcement. The company is listed on the Prime Market of the Tokyo Stock Exchange and has a significant market presence in the composites business.
Average Trading Volume: 378,395
Technical Sentiment Signal: Buy
Current Market Cap: Yen275.6B
For an in-depth examination of 5214 stock, go to TipRanks’ Overview page.