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

NSK Ltd. (OTCMKTS:NPSKY) shares gapped down prior to trading on Monday . The stock had previously closed at $15.75, but opened at $14.35. NSK shares last traded at $14.35, with a volume of 134 shares trading hands.

NSK Price Performance

The business’s 50 day moving average is $15.27 and its two-hundred day moving average is $14.27. The firm has a market capitalization of $3.51 billion, a PE ratio of 23.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.45.

NSK (OTCMKTS:NPSKY) last announced 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. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. NSK had a net margin of 2.49% and a return on equity of 3.28%.

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.