Nabtesco (OTCMKTS:NCTKF) Sets New 52-Week High - Here's Why

Key Points

• Nabtesco reached a new 52-week high of $22.77 during trading, significantly up from its previous close of $15.81.
• The company beat analysts' earnings expectations by reporting $0.19 EPS against a consensus estimate of $0.13, with revenues of $582.31 million for the quarter.
• Nabtesco maintains a market cap of $2.74 billion and shows strong liquidity with a current ratio of 1.90 and a debt-to-equity ratio of 0.04.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $22.77 and last traded at $22.77, with a volume of 100 shares trading hands. The stock had previously closed at $15.81.

Nabtesco Price Performance

The business has a 50-day simple moving average of $16.20 and a two-hundred day simple moving average of $16.33. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 29.19 and a beta of -0.06. The company has a quick ratio of 1.42, a current ratio of 1.90 and a debt-to-equity ratio of 0.04.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. Nabtesco had a return on equity of 5.01% and a net margin of 3.35%.The firm had revenue of $582.31 million during the quarter, compared to the consensus estimate of $567.03 million. As a group, equities analysts forecast that Nabtesco will post 0.7 earnings per share for the current fiscal year.

Nabtesco Company Profile

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.