Nabtesco (OTCMKTS:NCTKY) Trading Up 5.8% – Here’s Why

Nabtesco Co. (OTCMKTS:NCTKY) shot up 5.8% during mid-day trading on Thursday . The company traded as high as $13.6070 and last traded at $13.6070. 6,626 shares were traded during trading, an increase of 200% from the average session volume of 2,208 shares. The stock had previously closed at $12.86.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Nabtesco to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Nabtesco currently has an average rating of “Buy”.

Nabtesco Stock Performance

The company’s 50-day moving average price is $12.81 and its 200 day moving average price is $11.92.

About Nabtesco

Nabtesco Corporation, headquartered in Tokyo, Japan, is a leading global supplier of precision equipment and motion control systems. The company was established in 2003 through the integration of Teijin Seiki Co, Ltd. and Nabco Ltd., drawing on a long heritage of engineering expertise dating back to the mid-20th century. Since its founding, Nabtesco has focused on delivering advanced mechanical and electronic components that enhance safety, reliability and efficiency across a variety of industries.

At the core of Nabtesco’s offering are its precision reduction gears and servo actuators, which provide high-accuracy motion control for industrial automation, robotics and factory machinery.