NSK (OTCMKTS:NPSKY) Shares Gap Down – What’s Next?

NSK Ltd. (OTCMKTS:NPSKY)’s stock price 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 trading hands.

NSK Trading Down 5.1%

The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 15.54 and a beta of 0.67. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.30. The company’s 50 day simple moving average is $14.27 and its two-hundred day simple moving average is $14.58.

NSK (OTCMKTS:NPSKY) last issued 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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. NSK had a return on equity of 4.48% and a net margin of 3.24%.

About NSK

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.