Nabtesco (OTCMKTS:NCTKF) Shares Down 2.6% – Here’s What Happened

Nabtesco Co. (OTCMKTS:NCTKF)’s share price was down 2.6% during mid-day trading on Friday . The stock traded as low as $17.10 and last traded at $17.10. Approximately 1,000 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 486 shares. The stock had previously closed at $17.55.

Nabtesco Stock Performance

The stock’s 50-day moving average is $16.02 and its 200-day moving average is $16.45.

Nabtesco (OTCMKTS:NCTKF) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $1.06 billion for the quarter. On average, analysts expect that Nabtesco Co. will post 0.71 EPS for the current fiscal year.

Nabtesco Company Profile

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots’ joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.