THK (OTCMKTS:THKLY) Stock Price Down 8.6% – Here’s Why

Thk Co., Ltd. (OTCMKTS:THKLY) shares dropped 8.6% during trading on Tuesday . The company traded as low as $21.13 and last traded at $21.13. 405 shares traded hands during trading, a decline of 92% from the average daily volume of 4,826 shares. The stock had previously closed at $23.11.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised THK from a “strong sell” rating to a “neutral” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, THK currently has a consensus rating of “Reduce”.

THK Stock Performance

The stock has a market capitalization of $5.03 billion, a P/E ratio of 70.43 and a beta of 1.16. The firm has a 50-day moving average of $23.17 and a 200 day moving average of $18.33. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 0.32.

THK (OTCMKTS:THKLY) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $440.05 million during the quarter.

THK Company Profile

THK Co, Ltd. is a global manufacturer specializing in mechanical components that enable precise linear and rotational motion. Founded in 1971 and headquartered in Tokyo, Japan, the company pioneered the development of rolling-element linear motion guides, introducing its first “LM Guide” in 1972. Over the decades, THK has expanded its product portfolio to include linear actuators, ball screws, spherical joints, and mechatronic systems designed for automation and high-precision applications.

THK’s core offerings serve a broad range of industries, including machine tools, semiconductor manufacturing, medical devices, robotics, and aerospace.