Nabtesco (OTCMKTS:NCTKY) Stock Price Down 8.4% – Here’s What Happened

Nabtesco Co. (OTCMKTS:NCTKY) fell 8.4% during mid-day trading on Friday . The company traded as low as $14.7450 and last traded at $15.55. 133,348 shares were traded during mid-day trading, an increase of 1,274% from the average session volume of 9,705 shares. The stock had previously closed at $16.98.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Nabtesco to a “buy” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Nabtesco currently has a consensus rating of “Buy”.

Nabtesco Stock Performance

The stock has a 50-day moving average price of $13.63 and a 200-day moving average price of $12.61.

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.