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

NSK Ltd. (OTCMKTS:NPSKY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $18.45, but opened at $16.40. NSK shares last traded at $16.40, with a volume of 2,081 shares changing hands.

NSK Price Performance

The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 34.69 and a beta of 0.37. The company has a 50-day moving average price of $14.41 and a 200-day moving average price of $12.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.45 and a current ratio of 2.14.

NSK (OTCMKTS:NPSKY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.52 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.