Nabtesco (OTCMKTS:NCTKY) Shares Up 5.8% – Should You Buy?

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

Analysts Set New Price Targets

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

Nabtesco Stock Performance

The firm’s fifty day moving average price is $12.84 and its two-hundred day moving average price is $11.94.

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.