Zacks Investment Research Upgrades Nabtesco (NCTKF) to “Hold”

Zacks Investment Research upgraded shares of Nabtesco (OTCMKTS:NCTKF) from a sell rating to a hold rating in a research report released on Wednesday morning, 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. “

Nabtesco stock opened at $20.20 on Wednesday. Nabtesco has a 1-year low of $20.10 and a 1-year high of $32.50.

Nabtesco Company Profile

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.

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