NSK (OTCMKTS:NPSKY) Shares Gap Up – What’s Next?

NSK Ltd. (OTCMKTS:NPSKY) gapped up before the market opened on Friday . The stock had previously closed at $12.8510, but opened at $14.60. NSK shares last traded at $14.3550, with a volume of 2,127 shares changing hands.

NSK Trading Up 11.7%

The company’s fifty day moving average price is $15.15 and its two-hundred day moving average price is $14.57. The company has a current ratio of 2.30, a quick ratio of 1.54 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.51 billion, a P/E ratio of 23.53 and a beta of 0.58.

NSK (OTCMKTS:NPSKY) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.08. The firm 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.