NSK (OTCMKTS:NPSKY) Shares Gap Down – Here’s What Happened

Shares of NSK Ltd. (OTCMKTS:NPSKY) gapped down prior to trading on Thursday . The stock had previously closed at $14.89, but opened at $14.24. NSK shares last traded at $14.24, with a volume of 142 shares trading hands.

NSK Price Performance

The company has a quick ratio of 1.54, a current ratio of 2.30 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $14.96 and its two-hundred day moving average price is $14.69. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 23.34 and a beta of 0.61.

NSK (OTCMKTS:NPSKY) last posted its earnings results on Tuesday, May 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. NSK had a net margin of 2.49% and a return on equity of 3.28%.

NSK Company Profile

NSK Ltd. is a Japan-based manufacturer specializing in the design, production and sale of bearings, automotive components and precision machinery. Established in 1916 and headquartered in Tokyo, the company has built a reputation for high-quality rolling bearings, linear motion products and mechatronic systems used in a wide range of industrial and automotive applications.

The company’s product portfolio encompasses deep groove ball bearings, cylindrical roller bearings, spherical roller bearings and thin-section bearings, along with automotive steering and driveline components.