Nabtesco (OTCMKTS:NCTKY) Trading Down 8.4% – Here’s Why

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

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Nabtesco to a “buy” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Nabtesco Stock Down 8.4%

The business’s 50 day moving average price is $13.63 and its two-hundred day moving average price is $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.