Nabtesco (OTCMKTS:NCTKF) Shares Gap Up – Still a Buy?

Nabtesco (OTCMKTS:NCTKFGet Free Report)’s share price gapped up before the market opened 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 trading hands.

Nabtesco Trading Up 6.6%

The stock’s fifty day moving average price is $29.39 and its 200 day moving average price is $29.42. The stock has a market cap of $3.52 billion, a P/E ratio of 28.85 and a beta of 0.28.

Nabtesco (OTCMKTS:NCTKFGet Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.37 earnings per share (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 the consensus estimate 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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