Nabtesco (OTCMKTS:NCTKF) Shares Up 44.1% - Here's What Happened

Key Points

• Nabtesco's share price surged 44.1% on Thursday, reaching $22.77, with trading volume increasing dramatically to approximately 100 shares from an average of 0.
• The company reported earnings per share of $0.19 for the last quarter, exceeding analyst expectations of $0.13, along with revenue of $582.31 million.
• Nabtesco has a market capitalization of $2.74 billion and a low debt-to-equity ratio of 0.04, indicating financial stability.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) was up 44.1% during trading on Thursday . The stock traded as high as $22.77 and last traded at $22.77. Approximately 100 shares were traded during trading, an increase of 33,233% from the average daily volume of 0 shares. The stock had previously closed at $15.81.

Nabtesco Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.42 and a current ratio of 1.90. The firm's 50 day simple moving average is $16.06 and its 200 day simple moving average is $16.29. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 29.19 and a beta of -0.06.

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

About Nabtesco

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.