Nexteer Automotive Group (OTCMKTS:NTXVF) Trading Down 6.3% – What’s Next?

Nexteer Automotive Group Limited (OTCMKTS:NTXVF) dropped 6.3% on Tuesday . The stock traded as low as $0.91 and last traded at $0.91. Approximately 30,275 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 30,000 shares. The stock had previously closed at $0.9716.

Nexteer Automotive Group Trading Down 6.3%

The firm has a fifty day moving average of $0.87 and a 200 day moving average of $0.85.

Nexteer Automotive Group Company Profile

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.