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

Shares of NSK Ltd. (OTCMKTS:NPSKY) gapped down prior to trading on Thursday . The stock had previously closed at $14.9275, but opened at $14.25. NSK shares last traded at $14.25, with a volume of 726 shares traded.

NSK Trading Down 4.5%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.54 and a current ratio of 2.30. The business has a fifty day moving average of $14.31 and a two-hundred day moving average of $15.03. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 17.17 and a beta of 0.61.

NSK (OTCMKTS:NPSKY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. NSK had a return on equity of 4.45% and a net margin of 3.24%.The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion.

About NSK

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.