Nabtesco Co. (OTCMKTS:NCTKF)’s stock price reached a new 52-week high on Thursday . The company traded as high as $35.30 and last traded at $35.30, with a volume of 0 shares traded. The stock had previously closed at $35.30.
Separately, Zacks Investment Research upgraded shares of Nabtesco from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, November 25th.
The company has a 50 day simple moving average of $35.30 and a 200 day simple moving average of $32.11. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 24.18 and a beta of 2.01. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.06.
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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