NSK (OTCMKTS:NPSKY) Trading Up 16.7% – Here’s Why

NSK Ltd. (OTCMKTS:NPSKY) shares rose 16.7% on Wednesday . The stock traded as high as $15.00 and last traded at $15.00. Approximately 255 shares traded hands during trading, a decline of 93% from the average daily volume of 3,618 shares. The stock had previously closed at $12.8510.

NSK Price Performance

The firm has a market cap of $3.49 billion, a PE ratio of 23.36 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.30 and a quick ratio of 1.54. The business’s fifty day moving average is $15.05 and its 200-day moving average is $14.62.

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