NSK (OTCMKTS:NPSKY) Shares Down 9.2% – Time to Sell?

Shares of NSK Ltd. (OTCMKTS:NPSKY) were down 9.2% during mid-day trading on Monday . The stock traded as low as $13.77 and last traded at $13.77. Approximately 679 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,360 shares. The stock had previously closed at $15.1675.

NSK Stock Down 9.2%

The business has a fifty day simple moving average of $15.21 and a 200 day simple moving average of $13.96. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 22.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.45.

NSK (OTCMKTS:NPSKY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.08. NSK had a return on equity of 3.28% and a net margin of 2.49%.The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion.

About NSK

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.