Zacks Investment Research upgraded shares of Nabtesco (OTCMKTS:NCTKF) from a sell rating to a hold rating in a report issued on Wednesday, Zacks.com reports.
According to Zacks, “Nabtesco Corporation manufactures and sells equipment in the areas of transportation, industry and livelihood-related fields. Its business segment includes Precision Reduction Gears, New Energy Equipment, Railroad Vehicle Equipment, Commercial Vehicle Equipment, Hydraulic and Aircraft Equipment, Packaging Machines and Welfare Equipment. Nabtesco Corporation is based in Tokyo, Japan. “
NCTKF remained flat at $$20.20 during trading on Wednesday. Nabtesco has a one year low of $20.10 and a one year high of $32.50.
Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. It operates through Component Solutions, Transport Solutions, Accessibility Solutions, and Manufacturing Solutions segments. 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, door operating units, test equipment, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.
Read More: Correction
Get a free copy of the Zacks research report on Nabtesco (NCTKF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com