Nexteer Automotive Group (OTCMKTS:NTXVF) Trading Down 15.3% – Here’s Why

Nexteer Automotive Group Limited (OTCMKTS:NTXVF)’s share price traded down 15.3% during trading on Tuesday . The stock traded as low as $0.80 and last traded at $0.80. 1,000 shares were traded during mid-day trading, a decline of 91% from the average session volume of 11,483 shares. The stock had previously closed at $0.9450.

Nexteer Automotive Group Stock Performance

The firm has a fifty day moving average price of $0.86 and a two-hundred day moving average price of $0.88.

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.