JTEKT (OTCMKTS:JTEKY) Stock Price Up 1.5% – Here’s Why

JTEKT Co. (OTCMKTS:JTEKYGet Free Report)’s share price rose 1.5% during mid-day trading on Monday . The company traded as high as $30.95 and last traded at $30.95. Approximately 129 shares changed hands during trading, a decline of 14% from the average daily volume of 150 shares. The stock had previously closed at $30.50.

JTEKT Price Performance

The business’s 50 day simple moving average is $33.09 and its 200 day simple moving average is $29.49.

About JTEKT

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JTEKT Corporation is a global manufacturer specializing in automotive components, bearings, machine tools and motion control solutions. Formed in April 2006 through the merger of two long-established Japanese firms, Toyoda Machine Works and Koyo Seiko, JTEKT has built a diversified portfolio that includes steering systems, driveline components, electric power steering motors, torque sensors and precision bearings.

The company’s automotive division delivers key drivetrain and steering products to major global automakers, offering both conventional and electrified power steering solutions.

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