Nexteer Automotive Group (OTCMKTS:NTXVF) Stock Price Down 2.3% – Here’s Why

Nexteer Automotive Group Limited (OTCMKTS:NTXVFGet Free Report) shares dropped 2.3% during mid-day trading on Monday . The company traded as low as $0.8964 and last traded at $0.8964. Approximately 1,000 shares traded hands during trading, a decline of 84% from the average daily volume of 6,353 shares. The stock had previously closed at $0.9179.

Nexteer Automotive Group Price Performance

The firm’s 50-day moving average price is $0.89 and its 200 day moving average price is $0.82.

Nexteer Automotive Group Company Profile

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Nexteer Automotive Group is a global supplier of advanced steering and driveline systems for the automotive industry. The company designs, engineers and manufactures electric and hydraulic power steering systems, steering columns, intermediate shafts and driveline modules for passenger cars, light trucks and commercial vehicles. Its product portfolio also includes advanced driver assistance system (ADAS) integration and steer-by-wire technologies aimed at improving vehicle safety, comfort and fuel efficiency.

Originally a division of General Motors, Nexteer became an independent entity in 2010 when it was acquired by the China-based automotive holdings firm Pacific Century Motors.

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