NSK (OTCMKTS:NPSKY) Shares Cross Below Fifty Day Moving Average – Here’s Why

NSK Ltd. (OTCMKTS:NPSKY)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $14.25 and traded as low as $14.15. NSK shares last traded at $14.15, with a volume of 1,018 shares traded.

NSK Stock Performance

The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.44 billion, a PE ratio of 16.92 and a beta of 0.67. The firm’s fifty day moving average price is $14.24 and its two-hundred day moving average price is $14.63.

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

NSK Company Profile

NSK Ltd. is a Japan-based manufacturer of bearings, precision machinery and automotive components. Founded in 1916 as Nippon Seiko Limited, the company is recognized as one of Japan’s earliest bearing manufacturers and has expanded its operations to serve industrial and automotive customers worldwide.

NSK’s industrial products include ball and roller bearings, linear motion guides, ball screws, precision machinery and related components used in manufacturing equipment, machine tools, robotics and other applications.