Nabtesco (OTCMKTS:NCTKF) Shares Gap Up – Time to Buy?

Nabtesco (OTCMKTS:NCTKFGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $28.14, but opened at $30.00. Nabtesco shares last traded at $30.00, with a volume of 260 shares traded.

Nabtesco Stock Performance

The stock’s fifty day simple moving average is $29.17 and its 200 day simple moving average is $29.46. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 29.43 and a beta of 0.28.

Nabtesco (OTCMKTS:NCTKFGet Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $518.78 million for the quarter, compared to analysts’ expectations of $497.88 million.

Nabtesco Company Profile

(Get Free Report)

Nabtesco Corporation is a Japanese manufacturer of motion-control and mechanical systems used in industrial, transportation, aerospace and building applications. Its products include precision reduction gears for industrial robots, motion-control components, hydraulic equipment, railway vehicle systems, aircraft equipment, automatic door systems and marine-related machinery.

The company serves original equipment manufacturers and infrastructure operators in Japan and international markets.

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