NSK (OTCMKTS:NPSKY) Shares Gap Down – Here’s Why

NSK Ltd. (OTCMKTS:NPSKY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $15.10, but opened at $14.20. NSK shares last traded at $14.20, with a volume of 470 shares changing hands.

NSK Stock Down 6.0%

The stock’s fifty day simple moving average is $14.32 and its two-hundred day simple moving average is $14.99. The stock has a market capitalization of $3.47 billion, a P/E ratio of 17.11 and a beta of 0.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.54 and a current ratio of 2.06.

NSK (OTCMKTS:NPSKY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. NSK had a net margin of 3.24% and a return on equity of 4.48%.

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.