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

NSK Ltd. (OTCMKTS:NPSKY – Get Free Report) shares gapped down before the market opened on Thursday. The stock had previously closed at $14.0430, but opened at $12.90. NSK shares last traded at $12.90, with a volume of 1,247 shares traded.

NSK Price 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 50 day simple moving average of $14.19 and a 200 day simple moving average of $14.56. The firm has a market capitalization of $3.17 billion, a PE ratio of 15.60 and a beta of 0.67.

NSK (OTCMKTS:NPSKY – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share 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 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, 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.

Further Reading

Receive News & Ratings for NSK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NSK and related companies with MarketBeat.com's FREE daily email newsletter.