THK (OTCMKTS:THKLY) Shares Gap Down – Here’s What Happened

Thk Co., Ltd. (OTCMKTS:THKLY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $23.55, but opened at $22.3183. THK shares last traded at $22.3183, with a volume of 402 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised THK from a “strong sell” rating to a “neutral” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, THK presently has an average rating of “Reduce”.

THK Trading Down 8.9%

The firm has a 50-day moving average price of $19.66 and a 200-day moving average price of $16.14. The stock has a market cap of $5.38 billion, a PE ratio of 75.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 2.83.

THK (OTCMKTS:THKLY) last released its quarterly earnings data on Monday, May 11th. The company reported $0.14 EPS for the quarter. THK had a return on equity of 1.93% and a net margin of 1.85%.The company had revenue of $440.05 million during the quarter.

THK Company Profile

THK Co, Ltd. is a global manufacturer specializing in mechanical components that enable precise linear and rotational motion. Founded in 1971 and headquartered in Tokyo, Japan, the company pioneered the development of rolling-element linear motion guides, introducing its first “LM Guide” in 1972. Over the decades, THK has expanded its product portfolio to include linear actuators, ball screws, spherical joints, and mechatronic systems designed for automation and high-precision applications.

THK’s core offerings serve a broad range of industries, including machine tools, semiconductor manufacturing, medical devices, robotics, and aerospace.