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

Nabtesco Co. (OTCMKTS:NCTKF)’s stock price dropped 2.6% on Friday . The company 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 Price Performance

The stock has a 50-day moving average of $16.02 and a two-hundred day moving average of $16.46.

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

About Nabtesco

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.