Zacks Investment Research Downgrades Nabtesco (OTCMKTS:NCTKF) to Hold

Zacks Investment Research lowered shares of Nabtesco (OTCMKTS:NCTKF) from a buy rating to a hold rating in a research note published on Tuesday, December 19th.

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. “

Shares of Nabtesco (OTCMKTS NCTKF) remained flat at $$38.50 during mid-day trading on Tuesday. Nabtesco has a 12 month low of $25.70 and a 12 month high of $38.50. The company has a market cap of $4,820.00 and a price-to-earnings ratio of 22.78.

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