NSK (OTCMKTS:NPSKY) Stock Price Down 5.3% – Here’s Why

Shares of NSK Ltd. (OTCMKTS:NPSKY) fell 5.3% during trading on Friday . The stock traded as low as $13.50 and last traded at $13.50. Approximately 250 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 5,358 shares. The stock had previously closed at $14.25.

NSK Price Performance

The company has a current ratio of 2.30, a quick ratio of 1.54 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average is $14.80 and its two-hundred day moving average is $14.76. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 22.13 and a beta of 0.61.

NSK (OTCMKTS:NPSKY) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.24 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 company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations 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.