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

NSK Ltd. (OTCMKTS:NPSKY – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $14.2250, but opened at $13.19. NSK shares last traded at $13.19, with a volume of 1,926 shares trading hands.

NSK Stock Up 26.6%

The firm has a 50 day moving average price of $14.23 and a 200-day moving average price of $14.67. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 18.75 and a beta of 0.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.06 and a quick ratio of 1.40.

NSK (OTCMKTS:NPSKY – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. NSK had a return on equity of 4.48% and a net margin of 3.24%.The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion.

About NSK

(Get Free Report)

NSK Ltd. is a Japan-based manufacturer of bearings and precision machinery products. The company supplies ball and roller bearings used in automobiles, industrial equipment, machine tools, wind turbines and other applications. Its products are designed to reduce friction, support rotating components and improve the efficiency and reliability of mechanical systems.

NSK also develops automotive components, including steering systems, drivetrain-related products and bearings for vehicle applications.

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