NSK (OTCMKTS:NPSKY) Shares Gap Up – Here’s What Happened

NSK Ltd. (OTCMKTS:NPSKY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $14.20, but opened at $15.10. NSK shares last traded at $15.10, with a volume of 666 shares changing hands.

NSK Price Performance

The firm has a market cap of $3.69 billion, a P/E ratio of 18.19 and a beta of 0.61. The company has a fifty day moving average of $14.23 and a 200-day moving average of $15.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.30 and a quick ratio of 1.54.

NSK (OTCMKTS:NPSKY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. NSK had a return on equity of 4.45% and a net margin of 3.24%.

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.