NSK (OTCMKTS:NPSKY) Shares Gap Up – Still a Buy?

NSK Ltd. (OTCMKTS:NPSKY) shares gapped up before the market opened on Monday . The stock had previously closed at $14.25, but opened at $16.05. NSK shares last traded at $16.05, with a volume of 307 shares trading hands.

NSK Price Performance

The company’s 50-day simple moving average is $15.01 and its 200 day simple moving average is $14.66. The company has a market capitalization of $3.62 billion, a P/E ratio of 24.23 and a beta of 0.61. The company has a quick ratio of 1.54, a current ratio of 2.30 and a debt-to-equity ratio of 0.32.

NSK (OTCMKTS:NPSKY) last released its quarterly 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.