THK (OTCMKTS:THKLY) Shares Gap Up – Here’s What Happened

Shares of Thk Co., Ltd. (OTCMKTS:THKLY) gapped up before the market opened on Tuesday. The stock had previously closed at $15.70, but opened at $16.7350. THK shares last traded at $16.7350, with a volume of 177 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research began coverage on shares of THK in a research report on Friday, October 30th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.

THK Stock Up 0.5%

The firm has a 50 day moving average of $19.60 and a two-hundred day moving average of $19.51. The stock has a market capitalization of $3.99 billion, a PE ratio of 55.78 and a beta of 1.28. The company has a current ratio of 2.24, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32.

THK Company Profile

THK Ltd. is a Japanese manufacturer of mechanical components and systems used to support smooth, precise linear motion. Its products include LM Guides, ball screws, ball splines, actuators and other motion-control components used in industrial machinery, robotics and automation equipment. Founded in 1971, THK helped popularize the LM Guide, a linear-motion rolling guide that enables machinery to move with precision and low friction. The company also serves the transportation sector, supplying components for applications including automotive systems.