Nabtesco (OTCMKTS:NCTKY) Stock Price Down 18.1% – Here’s What Happened

Nabtesco Co. (OTCMKTS:NCTKYGet Free Report) fell 18.1% on Thursday . The company traded as low as $9.61 and last traded at $9.61. 490 shares changed hands during trading, a decline of 66% from the average session volume of 1,423 shares. The stock had previously closed at $11.74.

Nabtesco Stock Performance

The stock has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $9.36.

Nabtesco Company Profile

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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.

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