Nabtesco Corp (NASDAQ:NCTKF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday. The brokerage currently has a $44.00 price target on the stock.

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 Corp (NASDAQ:NCTKF) opened at 37.75 on Thursday. The company has a market cap of $4.66 billion and a price-to-earnings ratio of 22.10. The company’s 50-day moving average is $36.68 and its 200 day moving average is $31.95. Nabtesco Corp has a 12 month low of $24.60 and a 12 month high of $38.00.

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