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

Shares of NSK Ltd. (OTCMKTS:NPSKY) gapped down prior to trading on Thursday . The stock had previously closed at $15.10, but opened at $14.20. NSK shares last traded at $14.20, with a volume of 470 shares changing hands.

NSK Stock Down 6.0%

The company has a quick ratio of 1.54, a current ratio of 2.06 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $14.32 and its 200 day simple moving average is $14.99. The firm has a market cap of $3.47 billion, a P/E ratio of 17.11 and a beta of 0.65.

NSK (OTCMKTS:NPSKY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion.

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.