THK (OTCMKTS:THKLY) Shares Down 9.8% – Here’s What Happened

Thk Co., Ltd. (OTCMKTS:THKLY) shares fell 9.8% during trading on Wednesday . The stock traded as low as $22.36 and last traded at $22.36. 186 shares traded hands during trading, a decline of 97% from the average session volume of 5,816 shares. The stock had previously closed at $24.78.

Wall Street Analyst Weigh In

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

THK Stock Up 3.7%

The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 73.97 and a beta of 1.14. The stock has a fifty day moving average of $20.26 and a two-hundred day moving average of $16.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.24 and a quick ratio of 2.18.

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

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.